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Cymabay Therapeutics (CBAY) Catches Eye: Stock Gains 6.2%

Zacks Equity Research

Cymabay Therapeutics, Inc. CBAY was a big mover last session, as its shares rose over 6% on the day. The move came after the company announced positive interim results from its ongoing low-dose Phase 2 study of seladelpar in patients with primary biliary cholangitis (PBC), a life-threatening and life-limiting chronic cholestatic liver disease.

This led too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up almost 45% in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting more solid trading ahead. 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.

Cymabay Therapeutics currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%

CymaBay Therapeutics Inc. Price

 

CymaBay Therapeutics Inc. Price | CymaBay Therapeutics Inc. Quote

A better-ranked stock in the broader sector is Anthem, Inc. ANTM, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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