Science Applications International Corporation (SAIC - Free Report) was a big mover last session, as the company saw its shares rise more than 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 $73.40 to $79.28 in the past one-month time frame.
The move came after the company reported better-than-expected first-quarter fiscal 2020 (ended May 3, 2019) results.
The company has seen four positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for SAIC. 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.
SAIC currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Science Applications International Corporation Price
A better-ranked stock in the Computer – IT Services industry may consider Fair Isaac Corporation (FICO - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is SAIC going up? Or down? Predict to see what others think: Up or Down
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