Cerulean Pharma Inc. CERU was a big mover last session, as its shares rose over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. Yesterday’s rally breaks the trend for the company since Nov 5, as the stock is now trading above the volatile price range of $2.96 to $3.52 in the past one-month time frame.
Over the last 30 days, the company witnessed two positive estimate revisions and the Zacks Consensus Estimate also moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Cerulean Pharma currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked med-drugs stock is Auris Medical Holding AG EARS with a Zacks Rank #2 (Buy).
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