Prothena (PRTA) Jumps: Stock Rises 27.5% - Tale of the Tape

By Zacks Equity Research,

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Prothena Corporation plc ( PRTA ) was a big mover last session, as the company saw its shares rise over 27% 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 $37.16 to $40.24 since Feb 28.

The company has seen two positive revisios in the past 30 days while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Prothena. So make sure to keep an eye on this stock going forward to see if yesterday's jump can turn into more strength down the road.

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

However, better-ranked medical stocks include Alkermes plc ( ALKS ), Alexion Pharmaceuticals, Inc. ( ALXN ) and ANI Pharmaceuticals, Inc. ( ANIP ). All of these sport a Zacks Rank #1 (Strong Buy).

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PROTHENA CP PLC (PRTA): 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: ALKS , ALXN , ANIP , PRTA

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