Coronado Biosciences (CNDO) was a big mover last session, as the company saw its shares rise roughly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. Yesterday’s rally breaks the recent trend for the company, as the stock is now trading above the volatile price range of $2.09 to $2.55 in the past one-month time frame.
Over the last 30 days, this company witnessed no estimate revision and the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Coronado Biosciences currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked biomedical stock is Affymetrix Inc. (AFFX) with a Zacks Rank #1 (Strong Buy).
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