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eMagin Corp (EMAN) Soars: Stock Adds 10.3% in Session

Zacks Equity Research

eMagin Corp. (EMAN) was a big mover last session, as its shares rose over 10% 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 of the company, as the stock is now trading above the volatile price range of $2.4 to $2.62 in the past one-month time frame.

In the last 30 days, the company has seen no negative estimate revisions, while its Zacks Consensus Estimate moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.

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

Some better-ranked stocks in the technology sector include PLX Technology Inc. (PLXT), Rambus Inc. (RMBS) and Advanced Semiconductor Engineering Inc. (ASX). While PLX Technology and Rambus carry a Zacks Rank #1 (Strong Buy), Advanced Semiconductor Engineering holds a Zacks Rank #2 (Buy).


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