Healthways Inc. HWAY was a big mover last session with its shares rising roughly 12% on the day. The upside was owing to the company’s announcement of better-than-expected financial results for the third quarter and nine months ended Sep 30, 2015. Healthways also unveiled a reorganization and cost-rationalization plan, to be completed in 2016. This development led to far more shares changing hands yesterday 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 $10.01 to $11.49.
This provider of specialized health services has seen one positive estimate revision over the past 30 days. The Zacks Consensus Estimate has also 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 Friday’s rally can turn into more strength down the road.
Healthways currently has a Zacks Rank #2 (Buy).
Investors interested in the medical services industry may also consider MedAssets, Inc. MDAS which sports a Zacks Rank #1 (Strong Buy).
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