Alere Inc. ( ALR ) saw a big move last session, as the company's shares fell nearly 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $35.67 to $33.99 in the past one-month time frame.
The diagnostic and medical services provider has seen a flat track record when it comes to current year estimate revisions over the past few weeks. The consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
ALR currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the healthcare sector include Baxter International Inc. ( BAX ), BioLife Solutions, Inc. ( BLFSD ) and Covidien plc ( COV ).All these stocks carry a Zacks Rank #2 (Buy).
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ALERE INC (ALR): Free Stock Analysis Report
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COVIDIEN PLC (COV): 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.
