Synta Pharmaceuticals Corp. (SNTA) Catches Eye: Stock Jumps 9.5%

Zacks Equity Research


Synta Pharmaceuticals Corp. (SNTA) was a big mover last session, as the company saw its shares rise 9.5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 26.24% in the past one-month time frame.

In the last 30 days, the company witnessed 2 downward estimate revisions and the Zacks Consensus Estimate, pegged at a loss, has widened over the same timeframe, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent high can last.

Synta Pharmaceuticals currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some other players in the healthcare industry include Alexion Pharmaceuticals, Inc. (ALXN), with a Zacks Rank #1 (Strong Buy) along with Actelion Ltd. (ALIOF) and Cambrex Corporation.(CBM) holding a Zacks Rank #2 (Buy).  

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