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Greatbatch (GB) Looks Good: Stock Moves 5.3% Higher


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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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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

GREATBATCH INC (GB): Free Stock Analysis Report

CREE INC (CREE): Free Stock Analysis Report

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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 Symbols: CREE


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