Cardica (CRDC) in Focus: Stock Moves Up 8.7% in Session – Tale of the Tape

Cardica Inc. (CRDC) was a big mover last session, as the company saw its shares rise nearly 9% 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 for the company as the stock is now down 37.37% in the past one-month time frame.

This medical products stock witnessed one negative estimate revision over the past 30 days. The Zacks Consensus Estimate however remained unchanged over the same time frame. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.

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

However, better-ranked stocks in the same sector worth considering include GW Pharmaceuticals plc (GWPH), ICU Medical, Inc. (ICUI) and INSYS Therapeutics, Inc. (INSY). All these stocks sport a Zacks Rank #1 (Strong Buy).

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