Abaxis (ABAX) Soars: Stock Rises 9% - Tale of the Tape

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Abaxis, Inc. ( ABAX ) was a big mover last session, as its shares rose roughly 9% 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 almost 10% in the past one-month timeframe.

In the last 30 days, the company witnessed three positive estimate revisions and the Zacks Consensus Estimate also moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if Friday's jump can turn into more strength down the road.

Abaxis currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.


Other well-performing stocks in the med-products industry include Alere Inc. ( ALR ), Boston Scientific Corporation ( BSX ) and Cardiovascular Systems Inc. ( CSII ). All three carry the same Zacks Rank as Abaxis.

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ABAXIS INC (ABAX): Free Stock Analysis Report

CARDIOVASCLR SY (CSII): Free Stock Analysis Report

ALERE INC (ALR): Free Stock Analysis Report

BOSTON SCIENTIF (BSX): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: ABAX , CSII , ALR , BSX

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Most Active by Volume

71,516,687
  • $15.31 ▼ 0.71%
70,751,657
  • $32 ▲ 6.38%
52,690,101
  • $15.98 ▼ 0.19%
42,003,007
  • $8.57 ▲ 4.51%
38,202,273
  • $123.25 ▼ 0.80%
33,193,564
  • $40.97 ▼ 0.58%
31,456,406
  • $105.52 ▲ 0.40%
30,445,885
  • $5.67 ▼ 4.55%
As of 3/27/2015, 04:15 PM


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