Markets

Cirrus Logic (CRUS) Catches Eye: Stock Adds 8% in Session

Cirrus Logic Inc.CRUS was a big mover last session, as the company saw its shares rise almost 8% on the day. The news led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $48.45 to $52.15 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days, while the Zacks Consensus Estimate remained unchanged. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Cirrus Logic has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.

Another favorably placed stock in the same industry is Ambarella, Inc. AMBA , also sporting with a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .

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

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CIRRUS LOGIC (CRUS): 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.


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

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