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MacroGenics (MGNX) Looks Good: Stock Moves 5.5% Higher

MacroGenics, Inc.MGNX was a big mover last session, as the company saw its shares rise above 5% on the day. The upside came after the company held its first R&D Day in which, an in-depth review of its broad portfolio of product candidates and technology platforms was provided. This continues the uptrend for the company since Sep 29, as the stock is now up more than 15%.

In the last 30 days, the company has seen no estimate revision and the Zacks Consensus Estimate also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

MacroGenics carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

A better-ranked med products stock is Baxter International Inc. BAX , which sports a Zacks Rank #1 (Strong Buy).

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

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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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