Advertisement
U.S. markets open in 1 hour 43 minutes
  • S&P Futures

    5,190.50
    -24.25 (-0.47%)
     
  • Dow Futures

    39,128.00
    -95.00 (-0.24%)
     
  • Nasdaq Futures

    18,110.75
    -120.75 (-0.66%)
     
  • Russell 2000 Futures

    2,040.50
    -9.30 (-0.45%)
     
  • Crude Oil

    82.75
    +0.03 (+0.04%)
     
  • Gold

    2,157.70
    -6.60 (-0.30%)
     
  • Silver

    25.14
    -0.12 (-0.49%)
     
  • EUR/USD

    1.0854
    -0.0022 (-0.21%)
     
  • 10-Yr Bond

    4.3400
    0.0000 (0.00%)
     
  • Vix

    14.81
    +0.48 (+3.35%)
     
  • GBP/USD

    1.2694
    -0.0035 (-0.28%)
     
  • USD/JPY

    150.4220
    +1.3240 (+0.89%)
     
  • Bitcoin USD

    62,924.01
    -5,385.65 (-7.88%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,701.54
    -21.01 (-0.27%)
     
  • Nikkei 225

    40,003.60
    +263.20 (+0.66%)
     

Merrimack Pharmaceuticals (MACK) Jumps: Stock Rises 12.6%

Merrimack Pharmaceuticals, Inc. MACK was a big mover last session, as its shares rose almost 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This also led to far more shares changing hands than in a normal session. Yesterday’s rally breaks the trend of the company, as the stock is now trading above the volatile trend of $5.27 to $6.41 in the past one-month time frame.

Over the last 30 days, the company did not witness any estimate revision while the Zacks Consensus Estimate moved lower, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.

Merrimack Pharmaceuticals currently has a Zacks Rank #3 (Hold).

A better-ranked biomedical stock is Anika Therapeutics Inc. ANIK with a Zacks Rank #1 (Strong Buy).

Is MACK going up? Or down? Predict to see what others think: Up or Down

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
ANIKA THERAPEUT (ANIK): Free Stock Analysis Report
 
MERRIMACK PHAR (MACK): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Advertisement