Neonode, Inc. ( NEON ) saw a big move last session, as the company's shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for NEON, as the stock is now down more than 26% in the past one-month time frame.
The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. The consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
NEON currently has a Zacks Rank #4 (Sell) while its Earnings ESP is zero.
Some better-ranked stocks in the Technology sector include Advent Software, Inc. ( ADVS ), Aspen Technology, Inc. ( AZPN ) and Autodesk, Inc. ( ADSK ). All these stocks carry a Zacks Rank #2 (Buy).
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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 reportNEONODE INC (NEON): Free Stock Analysis ReportADVENT SOFTWARE (ADVS): Free Stock Analysis ReportASPEN TECH INC (AZPN): Free Stock Analysis ReportAUTODESK INC (ADSK): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research