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Impax Laboratories, Inc. (IPXL) in Focus: Stock Moves 20.6% Higher

Impax Laboratories, Inc. IPXL was a big mover last session, as the company saw its shares rise nearly 21% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $15.1 -$19 in the past one-month time frame, witnessed a sharp increase yesterday.

The move came after China's Shanghai Fosun Pharmaceutical (Group) Co. Ltd. disclosed a passive 5.19% stake in the firm.

The company has seen a mixed track record when it comes to estimate revisions of three increase and two decrease over the past two months, while the Zacks Consensus Estimate for the current quarterhas remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Impax Laboratories currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Impax Laboratories, Inc. Price and Consensus

Impax Laboratories, Inc. Price and Consensus | Impax Laboratories, Inc. Quote

Another stock worth mentioning in the Medical sectoris Anthem, Inc. ANTM which carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here .

Is IPXL going up? Or down? Predict to see what others think: Up or Down

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Impax Laboratories, Inc. (IPXL): 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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