Halozyme Therapeutics, Inc. (HALO) was a big mover last session, as the company saw its shares advance nearly 7% on the day. The move came on the back of solid volume too, as far more shares changed hands than in a normal session. This continues the recent uptrend for this biotechnology company as the stock is now up more than 53% in the past one month time frame.
The company has seen 6 negative revisions in the past few weeks and its earnings consensus has moved down over the past two months, suggesting there may be trouble down the road for HALO. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Halozyme currently has a Zacks Rank #3 (Hold) and its Earnings ESP is positive.
Some better performing biotechnology stocks include Affymetrix Inc. (AFFX), Agenus Inc. (AGEN) and Alkermes plc (ALKS). Affymetrix carries a Zacks Rank #1 (Strong Buy), while Agenus and Alkermes carry a Zacks Rank #2 (Buy).
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