Anacor Pharmaceuticals (ANAC) Jumps: Stock Rises 5.7% – Tale of the Tape

Zacks

Anacor Pharmaceuticals, Inc. (ANAC) was a big mover last session, as the company saw its shares rise by roughly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock has now gained roughly 26% since Nov 20.

This biotechnology company has seen one negative revision over the last 30 days and its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Anacor Pharmaceuticals currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the med-drug industry include Forest Laboratories Inc. (FRX), Jazz Pharmaceuticals Public Limited Company (JAZZ) and Lannett Company, Inc. (LCI). All these stocks hold a Zacks Rank #1 (Strong Buy).

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