Markets

Ophthotech (OPHT) Soars: Stock Adds 10.4% in Session

Ophthotech CorporationOPHT was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $2.62 to $2.90 in the past one-month time frame.

The move came after the company reported that it has inked a global license agreement with the University of Pennsylvania and University of Florida to develop and commercialize adeno-associated virus (AAV) gene therapy product.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has 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.

Ophthotech currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Ophthotech Corporation Price

Ophthotech Corporation Price | Ophthotech Corporation Quote

Investors interested in the Medical - Biomedical and Genetics industry may consider Genomic Health, Inc. GHDX , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .

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

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Ophthotech Corporation (OPHT): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

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.

In This Story

ISEE

Other Topics

Investing Stocks