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Blueprint Medicines (BPMC) Looks Good: Stock Adds 5.7% in Session

Zacks Equity Research

Blueprint Medicines Corporation BPMC was a big mover last session, as the company saw its shares rise nearly 6% 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 $75.71 –$86.60 in the past one-month time frame, witnessed a sharp increase on Friday.

The move came  after the company announced the launch of a public offering of its common stock worth $300 million. It also accelerated the regulatory filling plans of its two key pipeline candidates — avapritinib and BLU-667.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

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

Blueprint Medicines Corporation Price

Blueprint Medicines Corporation Price | Blueprint Medicines Corporation Quote

Investors interested in the Medical - Biomedical and Genetics industry may consider Celgene Corporation CELG, 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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