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Geeknet (GKNT) in Focus: Stock Rises 8.6%

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Geeknet, Inc. was a big mover last session, as the company saw its shares rise nearly 9% 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 $9.02 to $9.79 since Sep 11.

The company has seen no estimate revision over the past 30 days, while the Zacks Consensus Estimate has not been in a trend either. Friday’s jump is encouraging though, so make sure to keep a close watch on this firm in the near future.

Geeknet currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.

However, better-ranked stocks in the computer technology sector include Mercadolibre, Inc. (MELI - Free Report) , World Energy Solutions, Inc. and Stratasys Ltd. (SSYS - Free Report) . All of these have a Zacks Rank #1 (Strong Buy).

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