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Control4 (CTRL) Shows Strength: Stock Moves 9.2% Higher

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Control4 Corporation was a big mover last session, as its shares rose over 9% on the day. The move came on the back of its addition to S&P SmallCap 600 effective prior to the Aug 22 opening bell. This led to 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 $22.27 to $23.74 in the past one-month time frame.

Over the last 30 days, the company witnessed three positive estimate revisions. The Zacks Consensus Estimate also moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.

Control4 currently carries a Zacks Rank #2 (Buy).

Another top-ranked stock in the Electronics - Miscellaneous Products space is Garmin Ltd. (GRMN - Free Report) , carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is CTRL going up? Or down? Predict to see what others think: Up or Down

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