The Spectranetics Corporation (SPNC) in Focus: Stock Soars 13.4% – Tale of the Tape

Zacks

The Spectranetics Corporation (SPNC) was a big mover last session, as the company saw its shares soar by over 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 trend of the company, as the stock is now trading above the volatile price range of $27.95 to $25.75 in the past one-month time frame.

The company has seen no estimate revisions in the past few weeks, although its Zacks Consensus Estimate moved higher over the past 30 days, suggesting that more solid trading could be ahead for Spectranetics. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

The Spectranetics Corporation currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the broader health care sector include Valeant Pharmaceuticals International, Inc. (VRX), Mylan, Inc. (MYL) and Pluristem Therapeutics, Inc. (PSTI), each carrying a Zacks Rank #1 (Strong Buy).

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