Concord Medical Services (CCM) Jumps: Stock Adds 5.6% – Tale of the Tape

Zacks

Concord Medical Services Holdings Limited (CCM) was a big mover last session with its shares rising roughly 6% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above past one month’s volatile price range of $5.87 to $6.91.

This company operating radiotherapy and diagnostic imaging centers has seen 1 positive estimate revision in the last 60 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if Friday’s rally can turn into more strength down the road.

Concord Medical Services currently sports a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.

Investors interested in the Med-Hospitals industry may also consider Five Star Quality Care Inc. (FVE) that holds a Zacks Rank #2 (Buy).

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