Inovio Pharmaceuticals, Inc. (INO) saw a big move last session, as the company’s shares fell by over 13% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for INO as the stock is now up around 7.6% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as Inovio Pharmaceuticals has seen 2 negative revisions in the past few weeks and its current year consensus loss estimates have widened over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
INO currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Some better-ranked stocks in the pharmaceutical industry include ANI Pharmaceuticals, Inc. (ANIP), Gilead Sciences Inc. (GILD) and Illumina Inc. (ILMN). All these stocks hold a Zacks Rank #1 (Strong Buy).
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