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Kala Pharmaceuticals (KALA) Catches Eye: Stock Jumps 7.4%

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Kala Pharmaceuticals, Inc. KALA 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 reverses the recent trend for the company—as the stock is now down 26.8% in the past one-month time frame.

The company has seen no changes when it comes to estimate revision over the past month, 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.

Kala Pharmaceuticals currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Kala Pharmaceuticals, Inc. Price

Kala Pharmaceuticals, Inc. Price | Kala Pharmaceuticals, Inc. Quote

Investors interested in the Medical - Biomedical and Genetics industry may consider a better-ranked stock like Amgen Inc. AMGN, which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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