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Lexicon Pharmaceuticals (LXRX) Jumps: Stock Rises 23.7%

Lexicon Pharmaceuticals, Inc.LXRX was a big mover last session, as its shares rose almost 24% on the day. The upside was driven by the company's announcement of narrower-than-expected third-quarter 2015 loss. This also led to far more shares changing hands than in a normal session. Friday's rally breaks the recent trend for the company, as the stock is now trading above the volatile price range of $9.51 to $12.09 in the past one-month time frame.

Over the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Friday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Lexicon Pharmaceuticals currently has a Zacks Rank #3 (Hold).

A better-ranked biomedical stock is Actelion Ltd. ALIOF with a Zacks Rank #1 (Strong Buy).

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

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ACTELION LTD (ALIOF): Free Stock Analysis Report

LEXICON PHARMA (LXRX): 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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