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Spansion (CODE) in Focus: Stock Moves 5.1% Higher

Zacks Equity Research

Spansion Inc. (CODE) was a big mover last session, as the company saw its shares rise by over 5% on the day. The move came on 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 $17.07 to $18.19 in the past one-month time frame.

This memory chips company has seen one negative estimate revision over the past 30 days while its Zacks Consensus Estimate has moved down over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Spansion currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.

Some better-ranked stocks in the technology sector include Alliance Fiber Optic Products Inc. (AFOP), Micron Technology Inc. (MU) and SanDisk Corp. (SNDK). While Alliance Fiber Optic Products and Micron Technology hold a Zacks Rank #1 (Strong Buy), SanDisk Corp. carries a Zacks Rank #2 (Buy).

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SPANSION INC (CODE): Free Stock Analysis Report

ALLIANCE FIBER OPTIC PRODUCTS IN (AFOP): Free Stock Analysis Report

MICRON TECH INC (MU): Free Stock Analysis Report

SANDISK CP (SNDK): Free Stock Analysis Report


Zacks Investment Research