Strength Seen in Kythera (KYTH): Stock Moves 5.5% Higher – Tale of the Tape

Zacks

Kythera Biopharmaceuticals, Inc. (KYTH) was a big mover last session, as the company saw its shares rise roughly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend for the company, as the stock is now trading above the past one month’s volatile price range of $33.87 to $36.80.

This clinical-stage biopharmaceutical company has seen no estimate revisions in the last 7 days. The Zacks Consensus Estimate has also remained unchanged over the same time frame. Yesterday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future.

Kythera currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Investors looking for well-positioned stocks in the biomedical sector may consider Affymetrix Inc. (AFFX), AMAG Pharmaceuticals, Inc. (AMAG) and Biogen Idec Inc. (BIIB). All the three stocks sport a Zacks Rank #1 (Strong Buy).

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