Chimerix (CMRX) in Focus: Stock Surges 11.8%

Chimerix, Inc. (CMRX) was a big mover last session, as the company saw its shares surge nearly 12% on the day. This rally higher can be attributable to solid volume with far more shares changing hands than in a normal session. This broke the recent trend of the company, as the stock is now trading above the volatile price range of $23.09 to $25.75 in the past one-month time frame.

In the last 30 days, the company witnessed 2 downward estimate revisions and the Zacks Consensus Estimate of a loss has widened over the same timeframe, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent high can last.

Chimerix Corp currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Other better-ranked players in the same industry include ICU Medical, Inc. (ICUI) with a Zacks Rank #1 (Buy) along with Abaxis, Inc. (ABAX) and AtriCure, Inc. (ATRC) carrying a Zacks Rank #2 (Buy).

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