Puma Biotechnology, Inc. (PBYI) was a big mover last session, as its shares rose over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the uptrend for the company since Dec 12, as the stock is now up almost 13%.
Over the last 30 days, the company witnessed one positive estimate revision and the Zacks Consensus Estimate also moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Puma Biotechnology currently carries a Zacks Rank #2 (Buy) while its Earnings ESP is negative.
Another biomedical stock worth considering is Biogen Idec Inc. (BIIB) with a Zacks Rank #1 (Strong Buy).
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