Relypsa, Inc. (RLYP) saw a big move in the last trading session, as the company’s shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend of the company, as the stock is now trading within the volatile price range of $21.39 to $25.41 in the past one-month time frame.
Although this slump was obviously disappointing, the company, a pharmaceutical firm specializing in non-absorbed polymeric drugs, has seen 1 positive revisions and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for RLYP. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.
RLYP currently holds a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Investors interested in the Medical- Generic Drugs industry may consider better-ranked stocks like Akorn, Inc. (AKRX), Mallinckrodt plc (MNK) and KaloBios Pharmaceuticals, Inc. (KBIO). While Akorn and Mallinckrodt hold a Zacks Rank #1 (Strong Buy), KaloBios carries a Zacks Rank #2 (Buy).
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