Akorn (AKRX) in Focus: Stock Moves 5.9% Higher – Tale of the Tape

Zacks

Akorn, Inc. (AKRX) was a big mover last session, as the company saw its shares rise by almost 6% 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 $27.51 to $29.28 in the past one-month time frame.

This generic drug company has seen one positive estimate revision over the past 30 days and its Zacks Consensus Estimate has moved higher over the same time frame, suggesting that more solid trading could be ahead for Akorn. So make sure to keep an eye on this stock going forward to see if this recent move higher can turn into more strength down the road.

Akorn currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.

Some stocks in the same industry looking equally good include Mallinckrodt plc (MNK), Celator Pharmaceuticals, Inc. (CPXX) and KaloBios Pharmaceuticals, Inc. (KBIO). While Mallinckrodt holds a Zacks Rank #1 (Strong Buy), Celator Pharmaceuticals and KaloBios Pharmaceuticals carry a Zacks Rank #2 (Buy).

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