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Jabil (JBL) Surges: Stock Moves 6.9% Higher

Zacks Equity Research

Jabil Inc. JBL was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $21.56–$25.30 in the past one-month time frame, witnessed a sharp increase yesterday.

The move came after the company reported solid first-quarter fiscal 2019 results (ended Nov 30, 2018).

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

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

Jabil, Inc. Price

 

Jabil, Inc. Price | Jabil, Inc. Quote

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

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