Kite Pharma (KITE) Worth Watching: Stock Gains 15.7% – Tale of the Tape

Zacks

Kite Pharma, Inc. (KITE) was a big mover last session with its shares rising roughly 16% on the day. The move came on solid volume 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 $61.47 to $67.49.

This clinical-stage biopharmaceutical company has seen no estimate revision in the last 30 days. However, the Zacks Consensus Estimate has moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.

Kite Pharma currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

A better-ranked stock worth considering in the biomedical industry is Affymetrix Inc. (AFFX) with a Zacks Rank #1 (Strong Buy).

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