Sony Corporation (SNE) Zooms: Stock Up 5.6%

Zacks Equity Research

Wed, Feb 5, 2014, 5:47 AM

Sony Corporation (SNE) was a big mover last session, as its shares surged nearly 6% on the day. The surge came on solid volume too with far more shares changing hands than in a normal session. This reverses the trend for the stock since Jan 8, as it is now down almost 12%.

In the last 30 days, the company witnessed two negative estimate revisions and the Zacks Consensus Estimate also moved lower. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.

Sony currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the electronic equipment industry include Skullcandy, Inc. (SKUL), Harman International Industries, Incorporated (HAR) and Audience, Inc. (ADNC). While Harman International sports a Zacks Rank #1 (Strong Buy), Skullcandy and Audience carry a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

SONY CORP ADRS (SNE): Free Stock Analysis Report

HARMAN INTL INDUSTRIES (HAR): Free Stock Analysis Report

(ADNC): Free Stock Analysis Report

SKULLCANDY INC (SKUL): Free Stock Analysis Report

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Sony Corporation (SNE) Zooms: Stock Up 5.6%

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