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Strength Seen in Sequenom (SQNM): Stock Jumps 5% in Session

Sequenom Inc.SQNM was a big mover last session, as the company saw its shares rise 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 26.7% since Dec 7, 2015.

The company has seen a mixed track record when it comes to estimate revisions of one increase and one decrease over the past one month, while the Zacks Consensus Estimate hasn't been in trend/remained unchanged over the same time frame. Friday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Sequenom currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is positive.

A better-ranked stock in the biomedical industry is Achillion Pharmaceuticals, Inc. ACHN , sporting a Zacks Rank #1 (Strong Buy).

Is SQNM 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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