Sarepta Therapeutics, Inc. (SRPT) saw a big move last session, as the company’s shares fell by nearly 33% 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 $18.61 to $23.56 in the past one-month time frame.
This biopharmaceutical company has seen a flat track record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for loss hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
SRPT currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Med-Biomed/Generic industry include AMAG Pharmaceuticals, Inc. (AMAG), Array BioPharma, Inc. (ARRY) and Biogen Idec Inc. (BIIB). All these stocks hold a Zacks Rank #1 (Strong Buy).
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