Cara Therapeutics Inc. CARA was a big mover last session, as its shares rose above 10% 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 downtrend for the company since Nov 27, as the stock is now down over 17%.
Over the last 30 days, the company witnessed two positive and one negative estimate revision while the Zacks Consensus Estimate moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Cara Therapeutics currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Another favorably ranked biomedical stock is Anika Therapeutics Inc. ANIK with a Zacks Rank #1 (Strong Buy).
Is CARA going up? Or down? Predict to see what others think: Up or Down
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