MannKind (MNKD) Worth Watching: Stock Gains 12.9% – Tale of the Tape

Zacks

MannKind Corp. (MNKD) was a big mover last session with its shares rising nearly 13% 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 9% in the past one-month time frame.

This biopharmaceutical company has seen 1 positive estimate revision in the last 60 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.

MannKind currently has a Zacks Rank #2 (Buy) and its Earnings ESP is 0.00%.

Some other well-placed biomedical stocks worth considering are Medivation, Inc. (MDVN), Ligand Pharmaceuticals Inc. (LGND) and Halozyme Therapeutics, Inc. (HALO). All three stocks sport a Zacks Rank #1 (Strong Buy).

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