Rambus (RMBS) Surges: Stock Moves 12.3% Higher

Zacks

Rambus Inc. (RMBS) was a big mover last session, as the company saw its shares rise by over 12% 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 for the company, as the stock is now trading above the volatile price range of $8.28 and $8.99 in the past one month time frame.

This technology solutions company has seen has seen no estimate revision in the last one month and its Zacks Consensus Estimate remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

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

Some better-ranked stocks in the same industry include Pericom Semiconductor Corp. (PSEM), Advanced Photonix Inc. (API) and Mindspeed Technologies Inc. (MSPD). While Pericom Semiconductor holds a Zacks Rank #1 (Strong Buy), both Advanced Photonix and Mindspeed Technologies carry a Zacks Rank #2 (Buy).

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RAMBUS INC (RMBS): Free Stock Analysis Report

PERICOM SEMICONDUCTOR CP (PSEM): Free Stock Analysis Report

ADVANCED PHOTONIX INC (API): Free Stock Analysis Report

MINDSPEED TECH $ (MSPD): Free Stock Analysis Report


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