Mallinckrodt plc (MNK) was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on 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 $260.28 to $65.28 since Apr 10.
The company has seen one positive revision in the past 30 days while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Mallinckrodt. 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.
Mallinckrodt currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.
Some other stocks worth consideration in the generic drugs industry include Actavis plc (ACT), Teva Pharmaceutical Industries Limited (TEVA) and Impax Laboratories Inc. (IPXL). While Actavis sports a Zacks Rank #1, Teva Pharmaceutical Industries and Impax Laboratories have a Zacks Rank #2 (Buy).
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MALLINCKRODT PUBLIC LTD CO (MNK): Free Stock Analysis Report
ACTAVIS PLC NEW (ACT): Free Stock Analysis Report
TEVA PHARMACEUTICAL INDUSTRIES (TEVA): Free Stock Analysis Report
IMPAX LABORATORIES INC (IPXL): Free Stock Analysis Report
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