KaloBios Pharmaceuticals, Inc. ( KBIO ) saw a big move last session, as the company's shares fell by more than 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for KBIO, as the stock is now down about 42% since Jan 15.
This biopharmaceutical company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (no increases or decreases), and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
KBIO currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Better-ranked stocks in the same industry include Actavis plc ( ACT ) and Mallinckrodt plc ( MNK ). While Actavis carries a Zacks Rank #1 (Strong Buy), Mallinckrodt carries a Zacks Rank #2 (Buy). However, investors interested in the broader Medical Sector can consider Lannett Company, Inc. ( LCI ), which carries a Zacks Rank #1 (Strong Buy).
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