NVIDIA Corporation (NVDA - Free Report) was a big mover last session, as its shares rose almost 6% on the day. The move came after the graphics and specialty semiconductor chip manufacturer got an upgrade from analysts at Evercore ISI. This led to 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 $86.19 to $95.07 in the past one-month time frame.
Over the last 30 days, the company witnessed one positive estimate revision and the Zacks Consensus Estimate also moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
NVIDIA currently sports a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.
A similarly-ranked stock in the semiconductor-general space is Texas Instruments Incorporated (TXN - Free Report) , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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