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Discovery Laboratories (DSCO) Worth Watching: Stock Up 6.9%

Zacks Equity Research

Discovery Laboratories Inc. (DSCO) was a big mover last session with its shares rising nearly 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 past one month’s volatile price range of $1.51 to $1.75.
This specialty biotechnology company has seen 2 positive estimate revisions in the last 30 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.

Discovery Laboratories currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Investors interested in the biomedical industry may consider stocks like Heska Corporation (HSKA), Illumina Inc. (ILMN) and Gilead Sciences Inc. (GILD). All the three stocks sport a Zacks Rank #1 (Strong Buy).

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