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Abeona Therapeutics (ABEO) in Focus: Stock Moves 5.5% Higher

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Abeona Therapeutics Inc.ABEO was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $7.50 to $8.50 in the past one month time frame.

The company has seen two negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Abeona Therapeutics currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.

Abeona Therapeutics Inc. Price

Abeona Therapeutics Inc. Price | Abeona Therapeutics Inc. Quote

Investors interested in the Medical - Biomedical and Genetics industry may consider Alexion Pharmaceuticals, Inc. ALXN , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.

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Abeona Therapeutics Inc. (ABEO): 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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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