Curis, Inc. (CRIS) was a big mover last session, as its shares rose almost 18% on the day. The upside has been driven by an exclusive collaboration agreement signed by the company with Aurigene Discovery Technologies Limited, an independent, wholly owned subsidiary of Dr. Reddy's Laboratories Ltd. (RDY). 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 $1.25 to $1.50 in the past one-month time frame.
Over the last 30 days, this biopharmaceutical 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.
Curis currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
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