Sanmina (SANM) in Focus: Stock Tanks 10.2% - Tale of the Tape
Sanmina Corporation (SANM) saw a big move last session, as the company’s shares fell by over 10% on the day. The move came on pretty good 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 below the volatile price range of $22.62 to $23.91 in the past one-month time frame.
Sanmina has seen a flat track record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
SANM currently has a Zacks Rank #3 (Hold).
A better-ranked stock in the same sector is Jabil Circuit Inc. (JBL), holding a Zacks Rank #1 (Strong Buy).
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SANMINA CORP (SANM): Free Stock Analysis Report
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