Orexigen Therapeutics, Inc. (OREX) saw a big move in the last trading session, as the company’s shares fell by nearly 15% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent uptrend for OREX, as the stock is up nearly 7% in the past one-month time frame.
The biopharmaceutical company has not seen any estimate revision over the past month, and the current year earnings consensus hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, especially on earnings estimates following the recent slump.
OREX currently holds a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
Investors interested in the Drugs industry may consider better-ranked stocks like ANI Pharmaceuticals, Inc. (ANIP), Gilead Sciences Inc. (GILD) and Osiris Therapeutics, Inc. (OSIR), each of which holds a Zacks Rank #1 (Strong Buy).
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