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SunEdison (SUNE) in Focus: Stock Moves 6.1% Higher - Tale of the Tape

SunEdison, Inc. ( SUNE ) was a big mover last session, as the company saw its shares rise over 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 $16.74 to $20.50 in the past one-month time frame.

The company has seen three negative estimate revisions in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

SunEdison currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.

Some better-ranked semiconductor stocks that are worth considering include Applied Micro Circuits Corporation ( AMCC ), Avago Technologies Limited ( AVGO ) and Exar Corp. ( EXAR ). All these stocks sport a Zacks Rank #1 (Strong Buy).

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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

SUNEDISON INC (SUNE): Free Stock Analysis Report

APPLD MICRO CIR (AMCC): Free Stock Analysis Report

AVAGO TECHNOLOG (AVGO): Free Stock Analysis Report

EXAR CORP (EXAR): 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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