MediciNova (MNOV) Jumps: Stock Adds 22.2% in Session

Zacks

MediciNova Inc. (MNOV) was a big mover last session, as its shares rose over 22% on the day. The rise came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the healthcare company, as the stock is now trading above the near-flat price range of $2.10 to $2.30 in the past one-month time frame.
 
In the last 30-day frame, the company did not witness any estimate revision and its Zacks Consensus Estimate also remained unchanged. However, yesterday’s rally is encouraging, so make sure to keep a close watch on this firm in the near future. 
 
MediciNova currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
 
Some better-ranked medical stocks include Lannett Company, Inc. (LCI), Jazz Pharmaceuticals Plc (JAZZ) and Questcor Pharmaceuticals, Inc. (QCOR). All three companies carry a Zacks Rank #1 (Strong Buy).
 
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MEDICINOVA INC (MNOV): Free Stock Analysis Report

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