Sigma Designs, Inc. ( SIGM ) was a big mover last session, as the company saw its shares rise almost 8% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $6.67 to $7.51 in the past one month.
The company has seen no estimate revisions in the past 30 days and the Zacks Consensus Estimate has also remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Sigma Designs currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the technology sector is Avago Technologies Limited ( AVGO ), sporting a Zacks Rank #1 (Strong Buy).
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