STAAR Surgical Company Slumps: STAA Tanks 11.3% in Session


STAAR Surgical Company (STAA) saw a big move last session, as the company’s shares fell by over 11% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for STAA, as the stock is now up 1.2% since June 4.

This slump shouldn’t be too much of a surprise to investors, as though the manufacturer of implantable ophthalmic lenses has seen no negative revision in the past few weeks , its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

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

Some better-ranked stocks in the Medical/Dental-Supply sector include AmerisourceBergen Corporation (ABC), Becton, Dickinson and Company (BDX) and Bio-Reference Laboratories Inc. (BRLI). All these stocks carry a Zacks Rank #2 (Buy).

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STAAR SURGICAL CO (STAA): Free Stock Analysis Report

AMERISOURCEBERGEN CORP (ABC): Free Stock Analysis Report

BECTON DICKINSON & CO (BDX): Free Stock Analysis Report

BIO REFERENCE LABS INC NEW (BRLI): Free Stock Analysis Report

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