Peregrine Pharmaceuticals (PPHM) Jumps: Stock Rises 6.2% - Tale of the Tape

By Zacks Equity Research,

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Peregrine Pharmaceuticals, Inc. ( PPHM ) was a big mover last session, as its shares rose 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 for the healthcare company, as the stock is now up roughly 16% since Nov 7.

In the last 30-day time frame, the company did not see any estimate revision and the Zacks Consensus Estimate hasn't been in a trend either. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Peregrine currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

However, some better-ranked biotechnology stocks include Vanda Pharmaceuticals, Inc. ( VNDA ), Osiris Therapeutics, Inc. ( OSIR ) and InSite Vision Incorporated ( INSV ). All three stocks carry a Zacks Rank #1 (Strong Buy).

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OSIRIS THERAPTC (OSIR): Free Stock Analysis Report

PEREGRINE PHARM (PPHM): Free Stock Analysis Report

VANDA PHARMACT (VNDA): 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 Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: INSV , OSIR , PPHM , VNDA

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