Rigel Pharmaceuticals, Inc. (RIGL) was a big mover last session, as the company saw its shares rise over 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock has gained nearly 49% in the past one-month time frame.
This clinical-stage drug development company has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate has, however, moved higher over the same time frame. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.
Rigel currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
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