Progenics (PGNX) Worth Watching: Stock Jumps 15.6% - Tale of the Tape

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Progenics Pharmaceuticals, Inc. ( PGNX ) was a big mover last session with its shares rising nearly 16% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the trend of the company since Jan 15, as the stock is now down over 22%.

This biotechnology company has seen no estimate revision in the last 60 days. However, the Zacks Consensus Estimate has moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday's rally can turn into more strength down the road.

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

Some better-ranked BioMed stocks worth considering are Affymetrix Inc. ( AFFX ), Actelion Ltd. ( ALIOF ) and Gentium S.p.A ( GENT ). 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 The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: AFFX , ALIOF , GENT , PGNX

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