XOMA Corporation (XOMA) was a big mover last session, as the company saw its shares rise nearly 12% 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 $7.01–$7.97 in the past one-month time frame.
This biotechnology stock witnessed one upward revision over the past 30 days. The Zacks Consensus Estimate also moved up during the same time frame, suggesting that more solid trading could be ahead for XOMA Corp. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.
XOMA Corporation has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
However some better-ranked stocks from the same sector include Alexion Pharmaceuticals, Inc. (ALXN), Biogen Idec Inc. (BIIB) and Emergent BioSolutions, Inc. (EBS). All these stocks sport a Zacks Rank #1 (Strong Buy).
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