IGI, Laboratories, Inc. (IG) was a big mover last session, as the company saw its shares rise over 14% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $1.85 to $2.66 in the past one-month time frame.
The company saw one positive revision in the past 30 days, while its Zacks Consensus Estimate moved higher over the same timeframe, suggesting that more solid trading could be ahead for IGI, Laboratories. 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.
IGI, Laboratories maintains a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Some better performing healthcare stocks include Furiex Pharmaceuticals, Inc. (FURX), Jazz Pharmaceuticals Public Ltd. Co. (JAZZ) and Lannett Company, Inc. (LCI). All these stocks carry Zacks Rank #1 (Strong Buy).
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