Greatbatch, Inc.
GB
was a big mover last session with its shares rising over 5% on the
day. The upside came on an updated guidance for 2016. The company
expects to draw the benefits of the Nuvectra spin-off and deliver
the targeted $25 million of integration synergies from the Lake
Region Medical acquisition in 2016. This development led to far
more shares changing hands yesterday than in a normal session. The
move continues the recent uptrend of the company as the stock has
gained over 1% in the past five trading sessions.
This medical appliances and equipment company has seen two
negative estimate revisions in the last 30 days. The Zacks
Consensus Estimate has also moved lower over the same period. This
implies trouble down the road. So make sure to keep an eye on this
stock going forward to see if yesterday's rally can last.
Greatbatch currently has a Zacks Rank #3 (Hold).
Investors interested in the health care sector may consider
Cree, Inc.
CREE
, which carries a Zacks Rank #2 (Buy).
Is GB going up? Or down? Predict to see what others think:
Up
or
Down
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