Sony Corporation (SNE) in Focus: Stock Jumps 5.3% – Tale of the Tape

February 19, 2015 Technicals 0

Zacks

Sony Corporation (SNE) was a big mover last session, as the company saw its shares rise over 5% on the day on market sources that revealed that Sony’s restructuring plan, One Sony, is expected to drive operating profit at the company. This led to far more shares changing hands than in a normal session resulting in solid volume. This also continues the recent uptrend for the company as the stock is now up 34.58% since Jan 30, 2015.

The company has seen two positive revisions 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 electronic equipment stock. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Sony Corporation currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the same industry is Skullcandy, Inc. (SKUL), sporting a Zacks Rank #1 (Strong Buy).

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