Zogenix, Inc. (ZGNX) was a big mover last session with shares rising over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of Zogenix, as the stock is now trading above the past one month’s volatile price range of $2.41 to $2.99.
This drug manufacturer has seen one positive and two negative estimate revisions over the last 30 days, while the Zacks Consensus Estimate also moved lower over the same time frame. This implies there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.
Zogenix currently holds a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
However, better-ranked stocks in the Med-drug industry include Jazz Pharmaceuticals Public Limited Company (JAZZ), Shire plc (SHPG) and Questcor Pharmaceuticals, Inc. (QCOR). All these stocks carry a Zacks Rank #1 (Strong Buy).
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ZOGENIX INC (ZGNX): Free Stock Analysis Report
JAZZ PHARMACEUTICALS PLC IRELAND (JAZZ): Free Stock Analysis Report
SHIRE PLC ADS (SHPG): Free Stock Analysis Report
QUESTCOR PHARMACEUTICALS INC (QCOR): Free Stock Analysis Report
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