Sanmina Corporation (SANM) was a big mover last session, as its shares rose over 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 for the company, as the stock is now trading above the volatile price range of $21.90 to $23.21 in the past one-month timeframe.
In the last 30 days, the company witnessed one positive estimate revision and the Zacks Consensus Estimate also moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Sanmina Corp. currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Better-ranked stocks in the computer and technology sector include Agilent Technologies Inc. (A), AAC Technologies Holdings Inc. (AACAY) and Akamai Technologies, Inc. (AKAM). All three carry the same Zacks Rank as Sanmina Corp.
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AGILENT TECHNOLOGIES INC (A): Free Stock Analysis Report
AAC TEC HOLDINGS ADR (AACAY): Free Stock Analysis Report
AKAMAI TECHNOLOGIES INC (AKAM): Free Stock Analysis Report
SANMINA CORP (SANM): Free Stock Analysis Report
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