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BioMarin (BMRN) in Focus: Stock Moves 7.5% Higher

Zacks Equity Research

BioMarin Pharmaceutical Inc. BMRN was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $80.35 –$88.51 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen seven negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also 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.

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

BioMarin Pharmaceutical Inc. Price

BioMarin Pharmaceutical Inc. Price

BioMarin Pharmaceutical Inc. price | BioMarin Pharmaceutical Inc. Quote

Investors interested in the Medical - Biomedical and Genetics industry may consider Anika Therapeutics, Inc. ANIK, 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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