Spectranetics (SPNC) in Focus: Stock Rises 6.1% – Tale of the Tape

Zacks

The Spectranetics Corporation (SPNC) was a big mover last session, as the company saw its shares rise over 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 gained nearly 14% in the past one-month time frame.

This developer of single-use medical devices for use in minimally invasive cardiovascular procedures has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate hasn’t been in trend either. Yesterday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future.

Spectranetics currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some notable stocks in the medical instruments industry are Heartware International Inc. (HTWR), IDEXX Laboratories, Inc. (IDXX) and Sirona Dental Systems Inc. (SIRO). All the three stocks carry a Zacks Rank #2 (Buy).

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