Weakness Seen in Pixelworks (PXLW): Stock Falls by 5.5% - Tale of the Tape
Pixelworks, Inc. (PXLW) saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for PXLW as the stock is now up around 26.8% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as Pixelworks has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
PXLW currently has a Zacks Rank #4 (Sell).
Investors interested in the electrical components-semiconductor industry may consider better-ranked stock like Cirrus Logic Inc. (CRUS), which carries a Zacks Rank #1 (Strong Buy).
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PIXELWORKS INC (PXLW): Free Stock Analysis Report
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