Conatus Pharmaceuticals Inc. (CNAT) was a big mover last session, as its shares rose over 19% on the day. The rise came on solid volume too with far more shares changing hands than in a normal session. This breaks the trend for the healthcare company since Jan 27, as the stock is now trading above the volatile price range of $8.28 to $11.10.
In the last 30-day frame, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Conatus currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Other better-ranked stocks in the medical sector include Baxter International Inc. (BAX), Stryker Corporation (SYK) and Covidien plc (COV). All three carry a Zacks Rank #2 (Buy).
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