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Cara Therapeutics Inc. (CARA) Worth Watching: Stock Surges 12.7%

Zacks Equity Research

Cara Therapeutics Inc. (CARA) was a big mover last session, as the company saw its shares rise nearly 13% 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 $16.52 to $20.00 in the past one-month time frame, showed a pick-up yesterday at $18.61.

In the last 30 days, this company did not witness any estimate revisions and the Zacks Consensus Estimate has remained unchanged. However, yesterday’s price action is encouraging, so make sure to keep a close watch on this firm in the near future.

Cara Therapeutics Inc.currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the healthcare industry include Alexion Pharmaceuticals, Inc. (ALXN), ANI Pharmaceuticals, Inc. (ANIP) and Aastrom Biosciences, Inc. (ASTM) all carrying a Zacks Rank #1 (Strong Buy).

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