Mirati Therapeutics, Inc. (MRTX) was a big mover last session, as the company saw its shares rise more than 8% 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 $21.58 to $27.84 over the past one month time frame.
The stock has witnessed four downward estimate revisions in the past 30 days. The Zacks Consensus Estimate has also moved down over same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher lasts.
Mirati Therapeutics carries a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
A better-ranked stock in the med-biomed/gene industry is Gilead Sciences Inc. (GILD), sporting a Zacks Rank #1 (Strong Buy).
Is MRTX going up? Or down? Predict to see what others think: Up or Down
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