Rovi Corporation was a big mover last session, as the company saw its shares rise nearly 7% on the day. Rovi signed a 10-year patent renewal license agreement with a subsidiary of DISH Network Corp. The news led to far more shares changing hands than in a normal session resulting in solid volume. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $18.39 to $20.27 in the past one-month time frame.
The company has seen one negative revision in the past one month, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Rovi Corporation currently carries a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.
A better-ranked stock in the same industry is Facebook, Inc. (FB - Free Report) , sporting a Zacks Rank #1 (Strong Buy).
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