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AnaptysBio (ANAB) Looks Good: Stock Adds 9.9% in Session

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Stock Market News For Nov 12, 2018

Wall Street closed sharply lower on Friday as the U.S. crude price plunged below a key psychological barrier escalating concerns of a global growth slowdown

AnaptysBio, Inc. ANAB 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 $85.41 to $92.80 in the past one-month time frame.

The move came after the company announced plans to offer $200 million of its common stock in an underwritten public offering.

The company’s Zacks Consensus Estimate for the current quarter has moved lower over the past few weeks, suggesting there may be trouble down the road. So, make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

AnaptysBio currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

AnaptysBio, Inc. Price

AnaptysBio, Inc. Price | AnaptysBio, Inc. Quote

Investors interested in the Medical - Biomedical and Genetics industry may consider Illumina, Inc. ILMN, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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