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MagnaChip (MX) Worth a Look: Stock Adds 7.1% in Session
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MagnaChip Semiconductor Corporation (MX - Free Report) was a big mover last session, as the company saw its shares rise over 7% 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 $5.25 to $5.95 since Nov 1, 2016.
The company has seen no estimate revisions over the past 7 days, while the Zacks Consensus Estimate remained unchanged over the same time frame. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
MagnaChip currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Is MX going up? Or down? Predict to see what others think: Up or Down
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MagnaChip (MX) Worth a Look: Stock Adds 7.1% in Session
MagnaChip Semiconductor Corporation (MX - Free Report) was a big mover last session, as the company saw its shares rise over 7% 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 $5.25 to $5.95 since Nov 1, 2016.
The company has seen no estimate revisions over the past 7 days, while the Zacks Consensus Estimate remained unchanged over the same time frame. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
MagnaChip currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
MAGNACHIP SEMI Price
MAGNACHIP SEMI Price | MAGNACHIP SEMI Quote
A better-ranked stock in the same industry is Microchip Technology Inc. (MCHP - Free Report) , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here
Is MX going up? Or down? Predict to see what others think: Up or Down
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Click here for Zacks' private trades >>