Neonode, Inc. (NEON Quick QuoteNEON - Free Report) was a big mover last session, as its shares rose almost 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $1.24 to $1.39 in the past one-month time frame.

Over the last 30 days, the company witnessed two negative estimate revisions while the Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Neonode currently carries a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

NEONODE INC Price

 

NEONODE INC Price | NEONODE INC Quote

A better-ranked stock in the comp-software space is Avid Technology, Inc. , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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