Ultragenyx Pharmaceutical Slumps: RARE Plunges 11.7% in Session

Zacks

Ultragenyx Pharmaceutical Inc. (RARE) saw a big move last session, as the company’s shares fell by nearly 12% 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 RARE, as the stock is now up around 9.4% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as though the development-stage biotechnology company has seen no negative revision in the past few weeks, its current year loss consensus has widened 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.

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

Some better-ranked stocks in the Biomedical industry include Actelion Ltd. (ALIOF), Biogen Idec Inc. (BIIB) and Curis, Inc. (CRIS). All these stocks carry a Zacks Rank #1 (Strong Buy).

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ULTRAGENYX PHARMACEUTICAL INC (RARE): Free Stock Analysis Report

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