Rambus (RMBS) in Focus: Stock Rises 5.6% in Session

Rambus Inc. (RMBS) was a big mover last session, as the company saw its shares rise roughly 6% on the day. Shares moved up on the news that Rambus will replace Ryland Group in the S&P SmallCap 600 after the close of trading on Thursday, Oct 1. This led to solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 14.2% in the past one-month time frame.

None of the estimates for this semiconductor industry stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Rambus carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

However, a better-ranked stock in the same space is Applied Optoelectronics, Inc. (AAOI), carrying a Zacks Rank #2 (Buy).

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

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