Science Applications International Corporation (SAIC) saw a big move last session, as the company’s shares fell by nearly 8% on the day. The move came on pretty good 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 below the volatile price range of $52.35 to $55.70 in the past one-month time frame.
The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
SAIC currently has a Zacks Rank #3 (Hold).
Investors interested in the IT Sevices industry may consider better-ranked stock like CDW Corporation (CDW), which carries a Zacks Rank #1 (Strong Buy).
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