Cray (CRAY) Jumps: Stock Rises 15.7%

Zacks Equity Research

Fri, Jul 11, 2014, 7:31 AM

Cray Inc. (CRAY) was a big mover last session, as the company saw its shares rise nearly 16% 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 $24.96 to $29.78 in the past one-month time frame.

The company has no estimate revision over the past 30 days and the Zacks Consensus Estimate has not been in a trend either. Yesterday’s jump is encouraging though, so make sure to keep a close watch on this firm in the near future.

Cray currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

However, better-ranked stocks in the computer and technology sector include Autodesk, Inc. (ADSK), Advanced Micro Devices, Inc. (AMD) and Aspen Technology, Inc. (AZPN). All of these sport a Zacks Rank #1 (Strong Buy).

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CRAY INC (CRAY): Free Stock Analysis Report

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Cray (CRAY) Jumps: Stock Rises 15.7%

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