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Insmed (INSM) in Focus: Stock Moves 7.1% Higher

Insmed Incorporated INSM was a big mover last session, as the company saw its shares rise more than 7% 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 $16.12 –$18.30 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen one positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Insmed. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

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

Insmed, Inc. Price

Insmed, Inc. Price

Insmed, Inc. price | Insmed, Inc. Quote

Investors interested in the Medical – Biomedical and Genetics industry may consider Acorda Therapeutics, Inc. ACOR, 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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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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