Peregrine Pharmaceuticals (PPHM) Soars: Stock Adds 14.5% in Session - Tale of the Tape

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Peregrine Pharmaceuticals, Inc. ( PPHM ) was a big mover last session, as the company saw its shares rise over 14% 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 nearly 24% in the past one-month time frame.

The company has seen a mixed track record. There has been one upward revision and one downward revision over the past 30 days, while the Zacks Consensus Estimate has not been in a trend either. Yesterday's price jump is encouraging though, so make sure to keep a close watch on this firm in the near future.

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

However, better-ranked stocks in the biomedicine/gene medical industry include Aastrom Biosciences, Inc. ( ASTM ), Gentium S.p.A ( GENT ) and Heska Corp. ( HSKA ). All these carry 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 The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: ASTM , GENT , HSKA , PPHM

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