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Avnet (AVT) in Focus: Stock Moves 6.3% Higher

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Avnet, Inc. AVT was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 8.2% in the past one-month time frame.

The company has seen two negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Avnet currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Avnet, Inc. Price

Avnet, Inc. Price | Avnet, Inc. Quote

 

A better-ranked stock in the Computer and Technology sector is Arrow Electronics, Inc. ARW, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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