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IntelliPharmaCeutics (IPCI) Jumps: Stock Up 8.9%

Zacks Equity Research

IntelliPharmaCeutics International Inc. (IPCI) was a big mover last session, as its shares rose nearly 9% on the day. The rise came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend for the stock as it is now trading over the volatile price range of $3.63 to $4.15 in the past one-month timeframe.

In the last 30 days, the company witnessed one positive estimate revision and the Zacks Consensus Estimate also moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.

IntelliPharmaCeutics currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.

Other well-performing stocks in the medical sector include WuXi PharmaTech (Cayman) Inc. (WX), BioLineRx, Ltd. (BLRX) and Aratana Therapeutics, Inc. (PETX). All three carry the same Zacks Rank as IntelliPharmaCeutics.

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