Sequenom Inc. SQNM was a big mover last session, as the company saw its shares rise 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 26.7% since Dec 7, 2015.
The company has seen a mixed track record when it comes to estimate revisions of one increase and one decrease over the past one month, while the Zacks Consensus Estimate hasn’t been in trend/remained unchanged over the same time frame. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Sequenom currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is positive.
A better-ranked stock in the biomedical industry is Achillion Pharmaceuticals, Inc. ACHN, sporting a Zacks Rank #1 (Strong Buy).
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