Qualcomm Incorporated QCOM 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 17.9% in the past one-month time frame.
The move came after the company reported better-than-expected fourth-quarter fiscal 2019 results (ended Sep 29, 2019).
The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, 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.
Qualcomm currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
QUALCOMM Incorporated Price
QUALCOMM Incorporated price | QUALCOMM Incorporated Quote
Investors interested in the Computer and Technology sector may consider Itron, Inc. ITRI, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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