Aradigm Corporation (ARDM) Up: Stock Adds 9.7% in Session – Tale of the Tape

Zacks

Aradigm Corporation (ARDM) was a big mover last session, as the company saw its shares rise nearly 10% 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 $8.13 to $9.43 over the past one-month time frame.

The stock has witnessed one downward estimate revision in the past 30 days. The Zacks Consensus Estimate also moved down over same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Aradigm Corporation carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

However, some better ranked stocks in the med-drugs industry include Endocyte, Inc. (ECYT), Hyperion Therapeutics, Inc. (HPTX) and Lannett Company, Inc. (LCI). All these stocks sport a Zacks Rank #1 (Strong Buy).

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