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Strength Seen in iRobot (IRBT): Stock Soars 6.3%

iRobot CorporationIRBT was a big mover last session, as the company saw its shares rise more than 6% 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 $83.42 to $98.04 in the past one-month time frame.

The company has seen two positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for iRobot. So, make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

iRobot currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.

iRobot Corporation Price

iRobot Corporation Price | iRobot Corporation Quote

Investors interested in the Industrial Products sector may consider Mueller Industries, Inc. MLI , which also has a Zacks Rank #1. You can see the complete list of today's Zacks #1 Rank stocks here .

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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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