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Weakness Seen in Intermolecular (IMI): Stock Tumbles 10.1%
May 21, 2014

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Intermolecular, Inc. saw a big move last session, as the company’s shares fell more than 10.0% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for IMI, as the stock is now up more than 24% since May 12, 2014.

This slump shouldn’t be too much of a surprise to investors, as the company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

IMI currently has a Zacks Rank #4 (Sell) while its Earnings ESP is zero.

Some better-ranked stocks in the technology sector include Ballard Power Systems Inc. (BLDP - Free Report) , KEMET Corp. (KEM - Free Report) and Kyocera Corp. (KYO - Free Report) . All these stocks carry a Zacks Rank #2 (Buy).

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