Insmed Inc. ( INSM ) was a big mover last session, as the company saw its shares rise by roughly 7% 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 of the company, as the stock is now trading above the volatile price range of $12.70 to $15.73 in the past one-month time frame.
This biopharma company has seen one positive and two negative estimate revisions over the past 30 days and its Zacks Consensus Estimate has moved down over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Insmed currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Some better-ranked stocks in the technology sector include ANI Pharmaceuticals, Inc. ( ANIP ), Gilead Sciences Inc. ( GILD ) and Illumina Inc. ( ILMN ). All these stocks carry 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 reportANI PHARMACEUT (ANIP): Free Stock Analysis ReportGILEAD SCIENCES (GILD): Free Stock Analysis ReportILLUMINA INC (ILMN): Free Stock Analysis ReportINSMED INC (INSM): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research