NovoCure (NVCR) Jumps: Stock Rises 10.5%

Zacks Equity Research

Updated Wed, Jul 12, 2017, 8:47 AM

NovoCure Limited NVCR was a big mover last session, as the company saw its shares rise over 10% 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 $14.75 to $18.15 in the past one-month time frame.

The move came after the company announced that it will be presenting new data for its novel cancer treatment at a medical conference this week.

The company has not seen any estimate revisions over the past few weeks, and its Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

NovoCure currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

NovoCure Limited Price and Consensus

NovoCure Limited Price and Consensus | NovoCure Limited Quote

A better-ranked stock in the Medical Services industry is Healthways, Inc. TVTY, which currently 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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NovoCure Limited (NVCR) : Free Stock Analysis Report

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NovoCure (NVCR) Jumps: Stock Rises 10.5%

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