Sinovac Biotech Ltd. (SVA) was a big mover last session, as its shares rose over 17% 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 for the healthcare company, as the stock is now trading above the volatile price range of $6.42 to $6.83 in the past one-month timeframe.
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.
Sinovac currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Other better-ranked stocks in the medical sector include Cambrex Corporation. (CBM), Alkermes plc (ALKS) and Alexion Pharmaceuticals, Inc. (ALXN). While Alexion and Alkermes sport a Zacks Rank #1 (Strong Buy), Cambrex carries a Zacks Rank #2 (Buy).
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