Cardica (CRDC) Jumps: Stock Rises 8.5%
Cardica Inc. (CRDC) was a big mover last session, as the company saw its shares rise over 7% 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 $0.89 to $1.01 in the past one-month time frame.
Though the company has seen no positive revision in the past 30 days, its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Cardica. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Cardica currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Other stocks worth considering in the medical products industry include Venaxis, Inc. (APPY), ICU Medical, Inc. (ICUI) and Eagle Pharmaceuticals Inc. (EGRX). All of these have the same Zacks Ranks as Cardica.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
CARDICA INC (CRDC): Free Stock Analysis Report
VENAXIS INC (APPY): Free Stock Analysis Report
ICU MEDICAL INC (ICUI): Free Stock Analysis Report
EAGLE PHARMACEUTICALS INC (EGRX): Free Stock Analysis Report
Zacks Investment Research
