Momenta Pharmaceuticals (MNTA) in Focus: Stock Up 5.9% – Tale of the Tape

Zacks

Momenta Pharmaceuticals Inc. (MNTA) was a big mover last session with its shares rising nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend for the company as the stock has lost over 15% in the past five trading sessions.

This biotechnology company has seen one negative estimate revision in the last 30 days. The Zacks Consensus Estimate, however, has remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Momenta Pharmaceuticals has a Zacks Rank #4 (Sell) and its Earnings ESP is 0.00%.

Some better-ranked biomedical stocks worth considering are Myriad Genetics Inc. (MYGN), Ligand Pharmaceuticals Inc. (LGND) and Halozyme Therapeutics, Inc. (HALO). All three stocks sport a Zacks Rank #1 (Strong Buy).

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