Strength Seen in Cempra (CEMP): Stock Rises 10.1% – Tale of the Tape

Zacks

Cempra, Inc. (CEMP) was a big mover last session with its shares rising over 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 past one month’s volatile price range of $10.96 to $12.92.

This biopharmaceutical company has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate has also remained unchanged over the same period. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Cempra currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Better-ranked Med-Drug stocks include Lannett Company, Inc. (LCI), Alcobra Ltd. (ADHD) and IGI, Laboratories, Inc. (IG). All the three stocks sport a Zacks Rank #1 (Strong Buy).

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