Cytokinetics, Incorporated ( CYTK ) was a big mover last session, as its shares surged over 26% on the day. The surge came on solid volume too with far more shares changing hands than in a normal session. This reverses the trend for the company since Jan 23, as the stock is now down almost 4%.
In the last 30-day frame, the company witnessed one negative estimate revision and the Zacks Consensus Estimate also moved lower, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if Friday's move higher lasts.
Cytokinetics currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Other better-ranked stocks in the medical sector include Gentium S.p.A ( GENT ), Emergent BioSolutions, Inc. ( EBS ) and Actelion Ltd. ( ALIOF ). All three sport a Zacks Rank #1 (Strong Buy).
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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.
