ORBCOMM, Inc. ( ORBC ) was a big mover last session, as the company saw its shares risemore than6% 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 $6.21 to $6.74 over the past one-month time frame.
None of the estimates for this satellite communication industry stock were revised over the past 30 days. The Zacks Consensus Estimate however moved up over the same time frame, suggesting that more solid trading could be ahead for ORBCOMM. So make sure to keep an eye on this stock going forward to see if the latest jump can turn into more strength down the road.
ORBCOMM carries a Zacks Rank #2 (Buy), while its Earnings ESP is positive.
Investors interested in the same sector may also consider stocks like Charter Communications, Inc. ( CHTR ), DigitalGlobe, Inc. ( DGI) and EchoStar Corp. ( SATS ). All these stocks sport a Zacks Rank #1 (Strong 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 reportORBCOMM INC (ORBC): Free Stock Analysis ReportCHARTER COMM-A (CHTR): Free Stock Analysis ReportDIGITALGLOBE (DGI): Free Stock Analysis ReportECHOSTAR CORP (SATS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research