Dyax Corp. (DYAX) was a big mover last session, as its shares rose almost 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. Yesterday’s rally reverses the recent downtrend for the company since Jul 13, as the stock is now down over 19%.
Over the last 30 days, the company witnessed six negative estimate revisions and the Zacks Consensus Estimate also moved lower, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
Dyax currently has a Zacks Rank #3 (Hold).
A better-ranked biomedical stock is Actelion Ltd. (ALIOF) with a Zacks Rank #2 (Buy).
Is DYAX going up? Or down? Predict to see what others think: Up or Down
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