Nektar Therapeutics (NKTR) saw a big move last session, as the company’s shares fell by over 6% on Friday. 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 NKTR as the stock is now up about 16% since Jun 15.
The biopharmaceutical company has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
NKTR currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the same sector is Anacor Pharmaceuticals, Inc. (ANAC), holding a Zacks Rank #2 (Buy).
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