Cytokinetics, Incorporated (CYTK) in Focus: Stock Surges 16.2% – Tale of the Tape

Zacks

Cytokinetics, Incorporated (CYTK) was a big mover last session, as the company saw its shares rise over 16% 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 for the company as the stock is now up 30.7% since Oct 10, 2014.

The biotechnology company has seen one positive revision in the past one month, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Cytokinetics. 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.

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

Investors interested in the biotechnology industry may also consider other well-placed stocks such as Affymetrix Inc. (AFFX), Agenus Inc. (AGEN) and AMAG Pharmaceuticals, Inc. (AMAG). All these stocks carry the same Zacks Rank as Cytokinetics.

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