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Weakness Seen in Unisys (UIS): Stock Plunges 20.9%
July 24, 2014

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Unisys Corporation (UIS - Free Report) saw a big move last session, as the company’s shares fell by nearly 21% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for UIS, as the stock is now down nearly 22% since Jul 3.

The information technology company has not seen any estimate revision over the past month, and the current year earnings consensus hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.

UIS currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the Information Technology industry include Barracuda Networks, Inc. (CUDA - Free Report) , Infosys Ltd. (INFY - Free Report) and Science Applications International Corporation (SAIC - Free Report) . All these stocks carry a Zacks Rank #2 (Buy).

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