Retrophin, Inc. ( RTRX ) was a big mover last session with its shares rising nearly 14% 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 way above the past one month's volatile price range of $10.99 to $14.35.
This biopharmaceutical company has seen one negative estimate revision in the last 30 days. The Zacks Consensus Estimate has also moved lower over the same time frame. This implies trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday's rally can last.
Retrophin currently has a Zacks Rank #3 (Hold) while its Earnings ESP
Investors interested in the biomedical industry may consider better-ranked stocks like Myriad Genetics Inc.
), Gilead Sciences Inc.
) and Illumina Inc.
). All the three stocks sport a Zacks Rank #1 (Strong Buy).
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportRETROPHIN INC (RTRX): Get Free ReportMYRIAD GENETICS (MYGN): Free Stock Analysis ReportGILEAD SCIENCES (GILD): Free Stock Analysis ReportILLUMINA INC (ILMN): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research