GigPeak, Inc. was a big mover last session, as the company saw its shares rise over 7% 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 $2.05 to $2.37 in the past one-month time frame.
In the last 30 days, the company witnessed one positive estimate revision and the Zacks Consensus Estimate also moved higher over the same time frame, suggesting that more solid trading could be ahead for GigPeak. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
GigPeak currently carries a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Another well-ranked stock in the same industry is Ambarella, Inc. (AMBA - Free Report) , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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