Strength Seen in Cadence Pharmaceuticals (CADX): Stock Soars 34% - Tale of the Tape


Shutterstock photo

Cadence Pharmaceuticals Inc. ( CADX ) was a big mover last session, as the company saw its shares rise by 34% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock is now up over 36% in the past one-month time frame.

This biopharmaceutical stock has seen two positive estimate revisions in the past one month and its Zacks Consensus Estimate has also moved higher over the same time frame, suggesting that more solid trading ahead. So make sure to keep an eye on this stock, going forward, to see if the current rally can turn into more strength down the road.

Cadence currently has a Zacks Rank #3 (Hold) and its Earnings ESP is positive.

However, some better performing stocks in the same industry are BioSpecifics Technologies Corp. ( BSTC ), Furiex Pharmaceuticals, Inc. ( FURX ) and Jazz Pharmaceuticals Public Limited Company ( JAZZ ). All these stocks hold 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 >>


CADENCE PHARMA (CADX): Free Stock Analysis Report

FURIEX PHARMACT (FURX): Free Stock Analysis Report

JAZZ PHARMACEUT (JAZZ): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

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: BSTC , CADX , FURX , JAZZ

More from


Equity Research
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by