Why Rambus Stock Sank Today
(NASDAQ: RMBS) stock lost ground in Tuesday's trading on the heels of a mostly solid quarterly report. The company's share price fell 8.7% in a daily session that saw the S 500 (SNPINDEX: ^GSPC) rise 0.2% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) jump 0.8%.
Rambus published its third-quarter results after the market closed yesterday, posting earnings that were in line with Wall Street's target and sales that beat expectations. Despite the sales beat, some investors appear to have been hoping for stronger earnings and forward guidance.
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Source Fool.com
Rambus Inc. Stock
€77.48
-2.020%
Rambus Inc. is currently one of the favorites of our community with 16 Buy predictions and no Sell predictions.
With a target price of 105 € there is a positive potential of 35.52% for Rambus Inc. compared to the current price of 77.48 €.
