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GlycoMimetics (GLYC) Shows Strength: Stock Jumps 98.7%

Zacks Equity Research

GlycoMimetics, Inc. GLYC was a big mover last session, as the company saw its shares skyrocketed to almost 99% on the day. The upside occurred after the company declared that the FDA designated one of its drugs as a Breakthrough Therapy.  Also, this led to 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 134% in the past one-month time frame.

The company has seen one positive and negative estimate revisions in the past seven days. Also, its Zacks Consensus Estimate moved higher over the same timeframe. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

GlycoMimetics currently carries a Zacks Rank #3 (Hold).

GlycoMimetics, Inc. Price

 

GlycoMimetics, Inc. Price | GlycoMimetics, Inc. Quote

A top-ranked stock in the Medical-Drugs industry is Aerie Pharmaceuticals, Inc. AERI sporting a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is GLYC going up? Or down? Predict to see what others think: Up or Down

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