Thoratec (THOR) Crumbles: Stock Plunges by 30.2%

Zacks Equity Research

Thoratec Corp. (THOR) saw a big move last session, as the company’s shares fell by over 31 % on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for THOR, as the stock is now down over 33% in the past one month.
 
This Medical Instruments company has seen a flat track record when it comes to current year estimate revisions, as there has been no revision on either side over the past few weeks. The consensus for earnings estimate 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.
 
THOR currently has a Zacks Rank # 4 (Sell).
 
Some better-ranked stocks in the Medical Instruments industry include Accuray Incorporated (ARAY), Alphatec Holdings, Inc. (ATEC) and RTI Surgical Inc. (RTIX). All these stocks carry a Zacks Rank #1 (Strong Buy).
 
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THORATEC CP (THOR): Free Stock Analysis Report

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