Puma Biotechnology, Inc. (PBYI) saw a big move last session, as the company’s shares fell by over 18% 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 $122.06 to $103.96 in the past one-month time frame.
This biopharmaceutical company has seen a mixed track record when it comes to current year estimate revisions. However, the current year loss consensus has narrowed over the past few weeks. 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
PBYI currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Med-Biomed Generic sector include Alkermes plc (ALKS), Alexion Pharmaceuticals, Inc. (ALXN) and ANI Pharmaceuticals, Inc. (ANIP). All these stocks carry a Zacks Rank #1 (Strong Buy).
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