ArthroCare Corporation (ARTC) was a big mover last session, as its shares rose almost 15% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $38.10 to $40.58 in the past one-month time frame.
In the last 30-day frame, the company did not witness any estimate revision and the Zacks Consensus Estimate hasn’t been in a trend either. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
ArthroCare currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked medical stocks include CryoLife Inc. (CRY), Cepheid (CPHD) and Cyberonics Inc. (CYBX). While CryoLife and Cepheid sport a Zacks Rank #1 (Strong Buy), Cyberonics holds a Zacks Rank #2 (Buy).
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