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Mersana Therapeutics (MRSN) Looks Good: Stock Adds 5.8% in Session

Zacks Equity Research

Mersana Therapeutics, Inc. MRSN was a big mover last session, as the company saw its shares rise nearly 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 $5.16 to $7.61 in the past one-month time frame.

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 remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Mersana Therapeutics currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Mersana Therapeutics, Inc. Price

Mersana Therapeutics, Inc. Price

Mersana Therapeutics, Inc. price | Mersana Therapeutics, Inc. Quote

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

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

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