Becton, Dickinson and Company BDX was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $196.29–$211.83 in the past one-month time frame, witnessed a sharp increase yesterday.
The move came after the company posted better-than-expected third-quarter results.
Becton Dickinson has seen two positive estimate revisions versus no negative estimate revision over the past one month.The Zacks Consensus Estimate for the current quarter has also revised upward in the past 30 days, suggesting that more solid trading could be ahead for the company. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Becton Dickinson currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Becton, Dickinson and Company Price and Consensus
A better ranked stock in the Medical – Dental Supplies industry is Align Technology, Inc.ALGN which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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