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VIVUS (VVUS) in Focus: Stock Moves 12.5% Higher in Session

VIVUS Inc. ( VVUS ) was a big mover last session, as the company saw its shares rise roughly 13% on the day. Shares moved up on reports that IEH Biopharma LLC, a subsidiary of activist investor Carl Icahn's Icahn Enterprises L.P., has announced a tender offer for any and all of the Outstanding 4.50% Convertible Senior Notes due 2020 of the company. This led to 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 $0.98 to $1.26 in the past one month time frame.

None of the estimates for this med-biomed/gene industry stock were revised over the past 30 days. However, the Zacks Consensus Estimate moved up over the same time frame, suggesting that more solid trading could be ahead for VIVUS. So make sure to keep an eye on this stock going forward to see if yesterday's jump can turn into more strength down the road.

VIVUS carries a Zacks Rank #2 (Buy), while its Earnings ESP is 0.00%.

Investors interested in the space may also consider Gilead Sciences Inc. ( GILD ), sporting a Zacks Rank #1 (Strong Buy).

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

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VIVUS INC (VVUS): 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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