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Sonos (SONO) Jumps: Stock Rises 7.2%

Sonos, Inc.SONO was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $41.22 to $43.45 in the past one-month time frame.

The stock gained following news that a JPMorgan analyst has suggested that the company may be a strategic buyout target for Apple.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Sonos currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Sonos, Inc. Price

Sonos, Inc. Price | Sonos, Inc. Quote

Investors interested in the Audio Video Production industry may consider Sony Corporation SNE , which has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

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

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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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