Galmed Pharmaceuticals Ltd. GLMD was a big mover last session, as its shares rose almost 8% 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 Mar 8, as the stock is now trading above the volatile price range of $3.76 to $4.75.
Over the last 30 days, the company witnessed two negative estimate revisions and the Zacks Consensus Estimate also moved lower, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
Galmed Pharmaceuticals currently has a Zacks Rank #3 (Hold).
A better-ranked med-drugs stock is Corcept Therapeutics Incorporated CORT with a Zacks Rank #1 (Strong Buy).
Is GLMD going up? Or down? Predict to see what others think: Up or Down
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