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 .
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>
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 report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.