Relypsa, Inc. RLYP was a big mover last session, as its shares rose roughly 31% on the day. The upside was driven by rumors that Merck & Co. Inc. MRK is considering a buyout offer for Relypsa. This also led to far more shares changing hands than in a normal session. Friday’s rally breaks the trend for the company, as the stock is now trading above the volatile price range of $17.65 to $24.12 in the past one-month time frame.
Over the last 30 days, the company witnessed a mixed record of two positive and two negative estimate revisions. Meanwhile, the Zacks Consensus Estimate moved lower, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday’s move higher lasts.
Relypsa currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
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