Intermolecular, Inc. ( IMI ) saw a big move last session, as the company's shares fell more than 10.0% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for IMI, as the stock is now up more than 24% since May 12, 2014.
This slump shouldn't be too much of a surprise to investors, as the company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
IMI currently has a Zacks Rank #4 (Sell) while its Earnings ESP
Some better-ranked stocks in the technology sector include Ballard Power Systems Inc.
), KEMET Corp.
) and Kyocera Corp.
). 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 reportBALLARD PWR SYS (BLDP): Free Stock Analysis ReportINTERMOLECULAR (IMI): Free Stock Analysis ReportKEMET CORP (KEM): Free Stock Analysis ReportKYOCERA CP ADR (KYO): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research