Omnicare (OCR) Falls: Stock Goes Down 5.5%

Zacks

Omnicare Inc. (OCR) saw a big move last session, as the company’s shares fell 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 stock, trading at a volatile range of $60.68–$64.54 in the past one-month time frame, showed a sharp decline yesterday at $60.98.

The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. 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.   

OCR currently has a Zacks Rank #4 (Sell) while its Earnings ESP is zero.

Some better-ranked stocks in the services sector include Cancer Genetics, Inc. (CGIX), Covance Inc. (CVD) and ICON Public Limited Company (ICLR). All these stocks carry a Zacks Rank #2 (Buy).

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OMNICARE INC (OCR): Free Stock Analysis Report

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