Globus Medical, Inc. GMED was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $38.08 –$45.72 in the past one-month time frame, witnessed a sharp increase yesterday.
The move came after company announced solid preliminary sales results for the fourth quarter and full-year 2018.
The company has seen a mixed track record when it comes to estimate revision of no increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Globus Medical currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Globus Medical, Inc. Price
Globus Medical, Inc. Price | Globus Medical, Inc. Quote
Investors interested in the Medical - Instruments industry may consider ConforMIS, Inc. CFMS, 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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