Hutchinson Technology (HTCH) Catches Eye: Stock Jumps 6.6%

Hutchinson Technology Inc. HTCH was a big mover last session, as the company saw its shares almost 7% on the day. The move came on solid volume 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 $3.48–$3.58 in the past one-month time frame.

In the last 30 days, the company has seen no estimate revision and the Zacks Consensus Estimate also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.      

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

A better-ranked Computer-Storage Device stock is EMC Corporation EMC, which holds a Zacks Rank #2 (Buy).

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

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
EMC CORP -MASS EMC: Free Stock Analysis Report
 
HUTCHINSON TECH HTCH: Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research