China Biologic Products (CBPO) in Focus: Stock Plunges 11.4%

Zacks Equity Research

Thu, Jun 19, 2014, 6:42 AM

China Biologic Products, Inc. (CBPO) saw a big move last session, as the company’s shares fell by over 11% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for CBPO, as the stock is now up nearly 6% since May 21.

The plasma-based biopharmaceutical company has seen a flat track record when it comes to current year estimate revisions over the past week and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

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

Some better-ranked stocks in the Biomedical industry include ANI Pharmaceuticals, Inc. (ANIP), Gilead Sciences Inc. (GILD) and Illumina Inc. (ILMN). All these stocks carry a Zacks Rank #1 (Strong Buy).

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 >>

CHINA BIOLOGIC PRODUCTS INC (CBPO): Free Stock Analysis Report

ANI PHARMACEUTICALS INC (ANIP): Free Stock Analysis Report

ILLUMINA INC (ILMN): Free Stock Analysis Report

GILEAD SCIENCES INC (GILD): Free Stock Analysis Report

Zacks Investment Research

The Headache at the End of the Costco Gold Rush
Costco made buying a gold bar as simple as tossing it in a shopping cart. Adam Xi, 33 years old, called five different dealers to get a price he could accept for the gold bar he bought at Costco in October. Costco shoppers are spending as much as $200 million monthly on gold, according to a Wells Fargo estimate.
The Wall Street Journal•13h ago
Why Nvidia Stock Plunged 10% Today
Super Micro Computer's lack of a preliminary earnings report led to a bloodbath in the sector.
Motley Fool•4h ago
California loses 2 more property insurers in growing crisis
Two more property insurance companies are pulling out of California, leaving more homeowners in the state facing loss of coverage and surging premiums as insurers flee.
Fox Business•8h ago
Don't buy the dip in stocks just yet as a wave of selling is about to bring the market to a bottom, according to one of the biggest bulls on Wall Street
The S&P 500 could bottom out in the next month, according to Fundstrat's head of research Tom Lee.
Business Insider•1d ago
Super Micro Stock Plunges 23% On Lack Of Preliminary Results. It's A Big Sell Signal.
Super Micro stock fell hard after the data-center computer specialist didn't announce preliminary results for its fiscal Q3.
Investor's Business Daily•4h ago
Time to Pounce: 2 Superb Utility Stocks That Haven't Been This Cheap in at Least 10 Years
One of the fastest-growing utility stocks, along with "Wall Street's Greatest Dividend Stock," make for phenomenal buys right now.
Motley Fool•16h ago
Why Semiconductor Stocks Were Smacked Down Today
The high-flying sector caught a bit of gloom at the end of the week due to several discouraging developments.
Motley Fool•2h ago
Magnificent Seven Stocks To Buy And Watch: Nvidia Stock Dives Below Key Level
Magnificent Seven stocks, including AI leader Nvidia, are among the best stocks to buy and watch in today's stock market.
Investor's Business Daily•5h ago
Trump Media CEO Decries Naked Short Selling; Citadel Fires Back, Stock Rises
Shares of Truth Social's parent rose in another volatile session, extending a roller-coaster stretch of trading for Donald Trump's social-media startup. On Thursday, Trump Media Chief Executive Devin Nunes sent a letter to Nasdaq CEO Adena Friedman asking her to help prevent illegal naked short selling and to make sure trading firms disclose their short positions.
The Wall Street Journal•5h ago
Jamie Dimon Knew Subprime 'Could Go Up In Smoke'; Now He's Worried About An Artificial Economy 'Fueled by Government Deficit Spending'
In the chaos of the 2008 recession, perhaps no bank stood more prepared than Jamie Dimon's J.P Morgan Chase & Co. (NYSE:JPM). In advance of the crisis, Jamie Dimon realized that "underwriting standards were deteriorating across the industry," with late payments on subprime loans rising. In late 2006, the bank led his firm to exit Wall Street's hot subprime business, starting with a frantic call made to J.P. Morgan's vacationing Chief of Securitized Products where he said, "I really want you to w
Benzinga•1d ago

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

China Biologic Products (CBPO) in Focus: Stock Plunges 11.4%

Recommended Stories

The Headache at the End of the Costco Gold Rush

Why Nvidia Stock Plunged 10% Today

California loses 2 more property insurers in growing crisis

Don't buy the dip in stocks just yet as a wave of selling is about to bring the market to a bottom, according to one of the biggest bulls on Wall Street

Super Micro Stock Plunges 23% On Lack Of Preliminary Results. It's A Big Sell Signal.

Time to Pounce: 2 Superb Utility Stocks That Haven't Been This Cheap in at Least 10 Years

Why Semiconductor Stocks Were Smacked Down Today

Magnificent Seven Stocks To Buy And Watch: Nvidia Stock Dives Below Key Level

Trump Media CEO Decries Naked Short Selling; Citadel Fires Back, Stock Rises

Jamie Dimon Knew Subprime 'Could Go Up In Smoke'; Now He's Worried About An Artificial Economy 'Fueled by Government Deficit Spending'