Medivation (MDVN) Jumps: Stock Adds 7.5% in Session

Zacks

Medivation, Inc. (MDVN) was a big mover last session, as its shares rose nearly 8% 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 for the company, as the stock is now trading above the volatile price range of $69.58 to $77.83 in the past one-month timeframe.

In the last 30 days, the company witnessed a mixed track record of three positive and two negative estimate revisions. Meanwhile, the Zacks Consensus Estimate moved higher suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.

Medivation currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Other better-ranked stocks in the med-drugs industry include Actelion Ltd. (ALIOF), Cambrex Corporation. (CBM) and Curis, Inc. (CRIS). All three sport a Zacks Rank #1 (Strong Buy).

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