Bristol-Myers Squibb Company (BMY) was a big mover last session, as its shares rose nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the uptrend for the company since Oct 16, as the stock is now up almost 20%.
Over the last 7 days, the company witnessed five 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.
Bristol-Myers Squibb currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Other well-performing stocks in the broader medical sector include Medivation, Inc. (MDVN), Merrimack Pharmaceuticals, Inc. (MACK) and Illumina Inc. (ILMN). All three sport a Zacks Rank #1 (Strong Buy).
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