OTIC

Otonomy (OTIC) Shows Strength: Stock Moves Up 13.7%

Otonomy, Inc.OTIC was a big mover last session, as its shares rose nearly 14% 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. Yesterday's rally continues the recent uptrend for the company, as the stock is now up almost 44% 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. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Otonomy currently has a Zacks Rank #3 (Hold).

A better-ranked med-drugs stock is Corcept Therapeutics CORT with a Zacks Rank #1 (Strong Buy).

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

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CORCEPT THERAPT (CORT): Free Stock Analysis Report

OTONOMY INC (OTIC): 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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