Smith & Nephew plc (SNN) was a big mover last session, as its shares rose over 9% on the day. The upside has been driven by rumors hinting at a possible takeover of the company by Stryker Corp. (SYK). This led to more shares changing hands than in a normal session. Yesterday’s rally breaks the recent trend for the company, as the stock is now trading above the volatile price range of $32.06 to $36.12 in the past one-month time frame.
Over the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Smith & Nephew currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked med-products stock is OraSure Technologies, Inc. (OSUR) with a Zacks Rank #1 (Strong Buy).
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