AcelRx Pharmaceuticals, Inc. (ACRX) was a big mover last session, as its shares rose nearly 7% on the day. The rise came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend for the company as the stock is now down almost 36% in the past one-month timeframe.
In the last 7 days, the company witnessed two positive estimate revisions and the Zacks Consensus Estimate also moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
AcelRx Pharmaceuticals currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Better-ranked medical stocks include BioCryst Pharmaceuticals, Inc. (BCRX), Enanta Pharmaceuticals, Inc. (ENTA) and Endo International plc (ENDP). All three carry a Zacks Rank #2 (Buy).
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