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eMagin Corporation (EMAN) Soars: Stock Adds 15.3% in Session

Zacks

eMagin Corporation EMAN was a big mover last session, as the company saw its shares rise more than 15% on the day. The move came on 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 4.6% in the past one-month time frame.

The upside was driven by reports that the company is about to receive a collective investment from a group of companies including Apple, LG and Valve.

The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

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


A better-ranked stock in the Electronics – Semiconductors industry is Broadcom Limited AVGO, which currently carries a Zacks Rank #2(Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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

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