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Fluidigm Corporation (FLDM) Crumbles: Stock Falls by 6.4%

Zacks Equity Research

Fluidigm Corporation (FLDM) saw a big move last session, as the company’s shares fell over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the most recent uptrend for the company, as the stock is now up almost 8% since Jan 29.

This scientific instruments company has seen a flat track record when it comes to current year estimate revisions, as there has been only one negative revision in the past few weeks. The consensus for earnings estimate hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

FLDM currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.

Some better-ranked stocks in the Medical Instruments industry include Natus Medical Inc. (BABY), DexCom, Inc. (DXCM) and Teleflex Incorporated (TFX).While Natus Medical holds a Zacks Rank #1 (Strong Buy), DexCom and Teleflex carry a Zacks Rank #2 (Buy).

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(FLDM): Free Stock Analysis Report

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