The Medicines Company (MDCO) Falls: Stock Goes Down 5.3%

Zacks Equity Research

Tue, Feb 11, 2014, 6:05 AM

The Medicines Company (MDCO) saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for MDCO as the stock is now down almost 20% in the past one-month time frame.

The bio-medical company has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), 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 on this firm in the near future, and especially on earnings estimates following the recent slump.

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

Some better-ranked stocks in the same sector include Actelion Ltd. (ALIOF), Alexion Pharmaceuticals, Inc. (ALXN) and Cambrex Corporation.(CBM). All these stocks hold a Zacks Rank #1 (Strong Buy).

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THE MEDICINES COMPANY (MDCO): Free Stock Analysis Report

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The Medicines Company (MDCO) Falls: Stock Goes Down 5.3%

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