Strength Seen in ArQule (ARQL): Stock Moves 7% Higher – Tale of the Tape

Zacks

ArQule Inc. (ARQL) was a big mover last session with its shares rising just over 7% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This reverses the recent downtrend of the company as the stock has lost roughly 10% since Dec 5.

This clinical-stage biotechnology company has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate hasn’t been in trend either. Wednesday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future.

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

Investors interested in the Med-drugs industry may consider Cempra, Inc. (CEMP) that sports a Zacks Rank #1 (Strong Buy).

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