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GigPeak (GIG) Looks Good: Stock Adds 5.2% in Session

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GigPeak, Inc. GIG was a big mover last session, as the company saw its shares rise above 5% on the day. The move came on solid volume 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 $2.17–$2.62 in the past one-month time frame.

In the last 30 days, the company has seen no estimate revision and the Zacks Consensus Estimate also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.      

GigPeak currently carries a Zacks Rank #4 (Sell).

A better-ranked Internet software stock from the broader Services sector is Paylocity Holding Corporation (PCTY - Free Report) , which sports a Zacks Rank #1 (Strong Buy).

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