Smith & Nephew plc ( SNN ) saw a big move last session, as the company's shares fell nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for SNN as the stock is now up more than 18.0% in the past one-month time frame.
This slump shouldn't be too much of a surprise to investors, as the company has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
SNN currently has a Zacks Rank #3 (Hold) while its Earnings ESP
Some better-ranked stocks in the health care sector include Cardica Inc.
), ICU Medical, Inc.
) and Venaxis, Inc.
). All these stocks carry a Zacks Rank #2 (Buy).
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 report >>
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 reportSMITH & NEPHEW (SNN): Free Stock Analysis ReportCARDICA INC (CRDC): Free Stock Analysis ReportICU MEDICAL INC (ICUI): Free Stock Analysis ReportVENAXIS INC (APPY): Get Free ReportTo read this article on Zacks.com click here.