IDEXX Laboratories (IDXX) Jumps: Stock Moves 6% Higher – Tale of the Tape

Zacks

IDEXX Laboratories, Inc. (IDXX) was a big mover last session with its shares rising just over 6% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This reverses the recent downtrend of the company, as the stock has lost over 13% in the past one-month time frame.

This veterinary diagnostics company has seen 6 negative estimate revisions in the last 30 days. The Zacks Consensus Estimate has also moved lower over the same period. This suggests trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday’s rally can last.

IDEXX Laboratories currently has a Zacks Rank #3 (Hold).

Investors interested in the Med-Products industry may consider a better-ranked stock like Cepheid (CPHD) that carries a Zacks Rank #2 (Buy).

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