Ophthotech Corporation (OPHT) Jumps: Stock Gains 5% – Tale of the Tape

Zacks

Ophthotech Corporation (OPHT) was a big mover last session, as the company saw its shares rise more than 5% 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 of the company as the stock is now up 18.94% since Dec 1.

The stock has witnessed three upward and two downward estimate revisions in the past 30 days. The Zacks Consensus Estimate, however, has moved up over the same time frame, suggesting that more solid trading could be ahead for Ophthotech Corporation. So make sure to keep an eye on this stock going forward to see if the latest jump can turn into more strength down the road.

Ophthotech Corporation carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

However, some better-ranked stocks in the med-biomed/gene industry include Biogen Idec Inc. (BIIB), Affymetrix Inc. (AFFX) and NI Pharmaceuticals, Inc. (ANIP), all sporting a Zacks Rank #1 (Strong Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.

Be the first to comment

Leave a Reply