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Pacific Biosciences of California (PACB) Surges: Stock Moves 14.4% Higher

Zacks Equity Research

Pacific Biosciences of California, Inc. (NASD:PACB) was a big mover last session, as the company saw its shares rise by over 14% 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 $4.87 to $5.98 in the past one-month time frame.

This medical instruments company has seen no estimate revision over the past 30 days and its Zacks Consensus Estimate remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Pacific Biosciences of California currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the same industry include Natus Medical Inc. (NASD:BABY), CryoLife Inc. (NYSE:CRY) and DexCom, Inc. (DXCM). All these stocks hold a Zacks Rank #1 (Strong Buy).

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