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BioLife (BLFS) Catches Eye: Stock Jumps 12.1%

Zacks Equity Research
·2 mins read

BioLife Solutions, Inc. BLFS was a big mover last session, as the company saw its shares rise more than 12% 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 $14.68 to $17.06 in the past one-month time frame.

The upmove came after the company announced upbeat preliminary sales for the second quarter of 2020.

The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for BioLife Solutions. So, make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

BioLife currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.

BioLife Solutions, Inc. Price

BioLife Solutions, Inc. Price
BioLife Solutions, Inc. Price

BioLife Solutions, Inc. price | BioLife Solutions, Inc. Quote

Investors interested in the Medical - Products industry may consider Meridian Bioscience Inc VIVO, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Hottest Tech Mega-Trend of All

Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


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Meridian Bioscience Inc. (VIVO) : Free Stock Analysis Report
 
BioLife Solutions, Inc. (BLFS) : Free Stock Analysis Report
 
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