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Cardica Inc. (CRDC) Soars: Stock Adds 10.5% in Session

Zacks Equity Research

Cardica Inc. (CRDC) was a big mover last session, as the company saw its shares rise by over 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock has now gained over 30% since May 28.

This medical instruments & supplies company has seen no estimate revision over the past 30 days and its Zacks Consensus Estimate remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Cardica has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Some stocks in the same industry looking equally good include Advaxis, Inc. (ADXS), Cytosorbents Corporation (CTSO) and St. Jude Medical Inc. (STJ). All these stocks carry a Zacks Rank #2 (Buy).

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CARDICA INC (CRDC): Free Stock Analysis Report

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