OncoMed Pharmaceuticals, Inc. (OMED) was a big mover last session, as its shares rose over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. Yesterday’s breaks the recent trend for the company, as the stock is now trading above the volatile price range of $19.83 to $21.75 in the past one-month time frame.
Over the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
OncoMed Pharmaceuticals currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Another favorably-ranked biomedical stock is Actelion Ltd. (ALIOF) with a Zacks Rank #1 (Strong Buy).
Is OMED going up? Or down? Predict to see what others think: Up or Down
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