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Clovis Oncology (CLVS) Surges: Stock Gains 7.3% in Session

Zacks Equity Research

Clovis Oncology, Inc. (CLVS) was a big mover last session, as the company saw its shares rise by over 7% on the day. The move came on the back of solid volume too, as far more shares changed hands than in a normal session. The uptrend is continuing for this biotechnology company, as the stock rose nearly 8% in the past one-month time period.

The company has seen a mixed track record when it comes to estimate revisions over the past few weeks (1 increase, 2 decreases) and the earnings consensus hasn’t been in trend either. This recent price action is certainly encouraging, so make sure to keep a close watch on this firm in the near future.

Clovis Oncology currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Some better performing biotechnology stocks include Affymetrix Inc. (AFFX), Biogen Idec Inc. (BIIB) and Gilead Sciences Inc. (GILD). All these carry a Zacks Rank #1 (Strong Buy).

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