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Cypress Semiconductor (CY) in Focus: Stock Rises 5.6%
Cypress Semiconductor Corporation was a big mover last session, as the company saw its shares rise 6% on the day. The stock moved up on reports of a potential bid of interest in taking this company over. This led to solid volume too 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 $10.92 to $11.63 over the past one month time frame.
None of the estimates for this Semi-Communications industry stock were revised over the past 30 days. However, the Zacks Consensus Estimate moved up over the same time frame, suggesting that more solid trading could be ahead for Cypress Semiconductor. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Cypress Semiconductor has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
CYPRESS SEMICON Price
CYPRESS SEMICON Price | CYPRESS SEMICON Quote
However, a better-ranked stock in the wider computer and technology sector is Amkor Technology, Inc. (AMKR - Free Report) , sporting a Zacks Rank #1 (Strong Buy).
Is CY going up? Or down? Predict to see what others think: Up or Down
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