Adeptus Health Inc. (ADPT) was a big mover last session with its shares rising roughly 7% on the day. The upside was owing to research firm Jefferies initiating its coverage of the company, with a Buy rating. This development led to far more shares changing hands than in a normal session. The move breaks the recent trend of the company as the stock is now trading above the past one month’s volatile price range of $87.20 to $113.45.
This company operating a network of independent freestanding emergency rooms in the U.S. has seen no estimate revision in the last 7 days. The Zacks Consensus Estimate hasn’t been in trend either. Yesterday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future.
Adeptus Health currently has a Zacks Rank #2 (Buy).
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