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MagnaChip Semiconductor (MX) Catches Eye: Stock Rises 5.3%
MagnaChip Semiconductor Corporation (MX - Free Report) was a big mover last session, as its shares rose over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up roughly 19% in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
MagnaChip Semiconductor currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
MagnaChip Semiconductor Corporation Price
MagnaChip Semiconductor Corporation Price | MagnaChip Semiconductor Corporation Quote
A better-ranked stock in the Semiconductor - Analog and Mixed space is MaxLinear, Inc. (MXL - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is MX going up? Or down? Predict to see what others think: Up or Down
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>