II-VI Incorporated (IIVI) Jumps: Stock Moves 5.9% Higher

II-VI Incorporated 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 breaks the recent trend of the company, as the stock is now trading above the volatile price range of $29.50 to $37.10 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.

II-VI Incorporated currently sports a Zacks Rank #1 (Strong Buy), while its Earnings ESP is 0.00%.

A better-ranked Manufacturing – Electronics stock is ABB Ltd , sporting a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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