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Novatel Wireless (MIFI) Looks Good: Stock Rises by 5.7%
Novatel Wireless Inc. was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 64% in the past one-month time frame.
The company has seen one positive revision in the past one month, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for this stock. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Novatel Wireless currently carries a Zacks Rank #2 (Buy).
NOVATEL WIRELES Price
NOVATEL WIRELES Price | NOVATEL WIRELES Quote
Another favorably placed stock in the same industry is InterDigital, Inc. (IDCC - Free Report) , sporting a Zacks Rank #1 (Strong Buy).
Is MIFI going up? Or down? Predict to see what others think: Up or Down
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