Yahoo Finance STMicroelectronics (STM) Soars: Stock Adds 10.4% in Session
STMicroelectronics STM was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company — as the stock is now up 20% in the past one-month time frame.
The move came after the company reported solid third-quarter 2017 results.
The company has not seen any estimate revisions in the past one month, while its 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.
STMicroelectronics currently has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
Another stock worth considering in the Semiconductor - General industry is NVIDIA Corporation NVDA, which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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