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AVEO Pharmaceuticals, Inc. (AVEO) in Focus: Stock Rises 7.8%

Zacks Equity Research

AVEO Pharmaceuticals, Inc. (AVEO) was a big mover last session, as the company saw its shares rise nearly 8% on the day. This rally higher can be attributable to solid volume with far more shares changing hands than in a normal session. This stock, trading in a volatile price range of $1.02 to $1.21 in the past one-month time frame, showed a pick-up yesterday at $1.10.

The company has seen 2 positive estimate revisions in the past one month, while its Zacks Consensus Estimate of a loss narrowed over the same timeframe, suggesting that more solid trading could be ahead for the company. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

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

Other players in the healthcare industry include Illumina Inc. (ILMN), Gilead Sciences Inc. (GILD) and ANI Pharmaceuticals, Inc. (ANIP) all carrying a Zacks Rank #1 (Strong Buy).

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