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Tech Data (TECD) in Focus: Stock Moves 10.2% Higher


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Tech Data Corporation TECD was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $88.75 to $93.22 in the past one month time frame.

The move came after the company reported solid third-quarter 2018 results.

The company has seen two negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, 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.

Tech Data Corporation Price

Tech Data Corporation Price | Tech Data Corporation Quote

Tech Data currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

A better-ranked stock in the Retail-Wholesale sector is Beacon Roofing Supply, Inc. BECN , which currently carries a Zacks Rank #1 (Strong Buy). You can see  the complete list of today's Zacks #1 Rank stocks here .

Is TECD going up? Or down? Predict to see what others think: Up or Down

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Beacon Roofing Supply, Inc. (BECN): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Investing Ideas , Stocks
Referenced Symbols: BECN , TECD


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