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Adverum Biotechnologies (ADVM) in Focus: Stock Moves 9.7% Higher

Zacks Equity Research

Adverum Biotechnologies, Inc.ADVM was a big mover last session, as the company saw its shares rise nearly 10% 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 the company, as the stock is now trading above the volatile price range of $3.15 to $3.90 in the past one-month time frame.

The company has not seen any change when it comes to estimate revision over the past few months, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

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

Adverum Biotechnologies, Inc. Price

Adverum Biotechnologies, Inc. Price | Adverum Biotechnologies, Inc. Quote

A better-ranked stock in the Medical sector is Aduro BioTech, Inc. ADRO, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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