Spansion Inc. (CODE) in Focus: Stock Surges 21.9% – Tale of the Tape

Zacks

Spansion Inc. (CODE) was a big mover last session, as the company saw its shares rise by nearly 22% 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 32.73% in the past one-month time frame.

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

Spansion currently carries a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the broad computer and technology sector include Apple Inc. (AAPL), Ambarella, Inc. (AMBA) and Attunity, Ltd. (ATTU). All these stocks carry a Zacks Rank #1 (Strong Buy).

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