Exact Sciences Corporation (EXAS) saw a big move last session, as the company’s shares fell by nearly 6 % on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for EXAS as the stock is now up nearly 11% in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as the Medical has seen 1 negative revision in the past few weeks and its current year loss consensus has narrowed over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
EXAS currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the Medical industry is Cambrex Corporation. (CBM), which holds a Zacks Rank #1 (Strong Buy).
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