Ambit Biosciences Corporation ( AMBI ) was a big mover last session, as the company saw its shares rise just over 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend for the company, as the stock is now trading above the past one month's volatile price range of $5.94 to $6.96.
This biopharmaceutical company has seen no estimate revision in the last 7 days. The Zacks Consensus Estimate has also remained unchanged over the same time frame. Friday's rally is encouraging though, so make sure to keep a close watch on this firm in the near future.
Ambit Biosciences currently has a Zacks Rank #4 (Sell) while its Earnings ESP
Some better-ranked Biomedical stocks worth considering are Gilead Sciences Inc.
), Myriad Genetics Inc.
) and Illumina Inc.
). All three stocks hold a Zacks Rank #1 (Strong Buy).
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportAMBIT BIOSCIENC (AMBI): Free Stock Analysis ReportGILEAD SCIENCES (GILD): Free Stock Analysis ReportILLUMINA INC (ILMN): Free Stock Analysis ReportMYRIAD GENETICS (MYGN): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research