Acorda Therapeutics, Inc.ACOR was a big mover last session, as its shares rose above 6% on the day. The move came after the United States Patent and Trademark Office (USPTO) Patent Trials and Appeal Board (PTAB) upheld all four patents challenged via the inter partes review (IPR) process. This also led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up above 21% in the past one-month time frame.
The company has seen two positive and two negative estimate revisions in the past one-month time frame and its Zacks Consensus Estimate moved lower over the same period, 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.
Acorda Therapeutics currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
Acorda Therapeutics, Inc. Price
A better-ranked stock in the Medical - Biomedical and Genetics space is Cellectis, S.A. CLLS sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
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