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Strength Seen in ViaSat (VSAT): Stock Adds 5.5% in Session
ViaSat, Inc. (VSAT - Free Report) was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume 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 $62.64 to $67.55 in the past one-month time frame.
The company has seen one negative estimate revision in the last 30 days and the Zacks Consensus Estimate also moved lower suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday’s move higher can last.
Currently, ViaSat carries a Zacks Rank #4 (Sell).
ViaSat, Inc. Price
ViaSat, Inc. Price | ViaSat, Inc. Quote
A better-ranked stock in the same industry is Sierra Wireless, Inc. , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is VSAT going up? Or down? Predict to see what others think: Up or Down
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