AVEO Pharmaceuticals (AVEO) Jumps: Stock Rises 6.4% - Tale of the Tape

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AVEO Pharmaceuticals, Inc. ( AVEO ) was a big mover last session, as the company saw its shares rise by over 6% 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 of the company as the stock has now gained over 79% since Jun 6.

This biotechnology company has seen two positive estimate revisions over the past 30 days and its Zacks Consensus Estimate has moved higher over the same time frame, suggesting that more solid trading could be ahead for AVEO Pharmaceuticals. So make sure to keep an eye on this stock going forward to see if this recent move higher can turn into more strength down the road.

AVEO Pharmaceuticals currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.

Some better-ranked stocks in the same sector include Actelion Ltd. ( ALIOF ), ANI Pharmaceuticals, Inc. ( ANIP ) and Biogen Idec Inc. ( BIIB ). All these stocks carry a Zacks Rank #1 (Strong Buy).

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AVEO PHARMACEUT (AVEO): 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: AVEO , ALIOF , ANIP , BIIB

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