Lam Research Corporation (LRCX - Free Report) was a big mover last session, as the company saw its shares rise almost 7% on the day. The upside was driven by improved financial results for the March 2017 quarter. Also, this led to far more shares changing hands than in a normal session. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $124.27 to $129.30 in the past one-month time frame.
The company has seen no positive or negative estimate revision in the past 30 days. Also, its Zacks Consensus Estimate moved higher over the same timeframe. 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.
Lam Research currently holds a Zacks Rank #2 (Buy).
Lam Research Corporation Price
A top-ranked stock in the broader technology sector is Kyocera Corporation (KYO - Free Report) sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is LRCX going up? Or down? Predict to see what others think: Up or Down
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