Alkermes plc ( ALKS ) was a big mover last session, as the company saw its shares surge by about 8.5% on the day. The move came on solid volume too, with far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $30.17 to $35.21 in the past one-month time frame.
The company has seen no estimate revision in the past 2 months. Moreover, its earnings consensus has remained stagnant over the same time frame. However, this recent price action is certainly encouraging, so make sure to keep a close watch of this firm in the near future.
ALKS currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better performing med-biomed/gene stocks include Actelion Ltd. ( ALIOF ), AMAG Pharmaceuticals, Inc. ( AMAG ) and Gentium S.p.A ( GENT ). All these stocks carry a Zacks Rank #1 (Strong 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 >>ACTELION LTD (ALIOF): Get Free ReportALKERMES INC (ALKS): Free Stock Analysis ReportAMAG PHARMA INC (AMAG): Free Stock Analysis ReportGENTIUM SPA-ADR (GENT): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research