Illumina Inc. (ILMN) Jumps: Adds 6.6% in Session - Tale of the Tape

By Zacks Equity Research,

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Illumina Inc. ( ILMN ) was a big mover last session, as the company saw its shares rise almost 7% 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 18.63% in the past one month time frame.

Two estimates for this biotechnology stock moved north over the past 30 days, while the Zacks Consensus Estimate remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Illumina has a Zacks Rank #3 (Hold), while its Earnings ESP is positive.

Some better-ranked stocks in the same sector include Actelion Ltd. ( ALIOF ), Affymetrix Inc. ( AFFX ) and Medivation, Inc. ( MDVN ). All these stocks sport a Zacks Rank #1 (Strong Buy).

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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 Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: AFFX , ALIOF , ILMN , MDVN

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