Fortress Biotech, Inc. FBIO was a big mover last session, as the company saw its shares rise more than 6% 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 the volatile price range of $0.83 to $1.12 in the past one-month time frame.
The move came after the company announced that it has inked a deal to divest its majority stake in National Holdings Corporation to NHC Holdings, LLC, for roughly $22.9 million.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Fortress Biotech currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Fortress Biotech, Inc. Price
Fortress Biotech, Inc. Price | Fortress Biotech, Inc. Quote
Investors interested in the Medical – Biomedical and Genetics industry may consider Alexion Pharmaceuticals, Inc. ALXN, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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