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Anacor Pharmaceuticals (ANAC) Jumps: Stock Rises 9.4%

Zacks Equity Research

Anacor Pharmaceuticals, Inc. (ANAC) was a big mover last session, as the company saw its shares rise by over 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock has now gained roughly 30% since Jan 13.

This biotechnology company has seen no estimate revision over the past 30 days and its Zacks Consensus Estimate remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

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

Some better-ranked stocks in the same industry include DepoMed Inc. (DEPO), Lannett Company, Inc. (LCI) and Grifols, S.A. (GRFS). All these stocks hold a Zacks Rank #1 (Strong Buy).

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