STMicroelectronics N.V. STM was a big mover last session, as the company saw its shares rise over 5% 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 26% since Jan 6.
The company has seen one positive revision in the past one month, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for this stock. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.
STMicroelectronics currently sports a Zacks Rank #1 (Strong Buy), while its Earnings ESP is positive.
Another top-ranked stock in the same space is Texas Instruments Incorporated TXN, flaunting the same rank as STMicroelectronics. You can see the complete list of today’s Zacks #1 Rank stocks here.
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