EchoStar Corp. (SATS) was a big mover last session, as the company saw its shares rise around 5% 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 $46.59 to $48.02 in the past one-month time frame.
The company has seen a mixed track record when it comes to estimate revision. While there has been no positive or negative revision over the past 30 days, the Zacks Consensus Estimate moved up over the same time frame. Yesterday’s price jump is encouraging though, so keep a close watch on this firm in the near future.
EchoStar currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Some better performing stocks in the technology sector include Accelrys Inc. (ACCL), Alliance Fiber Optic Products Inc. (AFOP) and Blucora, Inc. (BCOR). All these carry a Zacks Rank #1 (Strong Buy).
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