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Pacific Biosciences (PACB) Jumps: Stock Moves 8.3% Higher

Zacks Equity Research

Pacific Biosciences of California, Inc. (PACB) was a big mover last session with its shares rising over 8% 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 of the company, as the stock has lost over 9% in the past one-month time frame.
This biotechnology company has seen no estimate revision in the last 7 days. The Zacks Consensus Estimate hasn’t been in trend either. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

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

Some better-ranked Med-Drug stocks include Natus Medical Inc. (BABY), AngioDynamics Inc. (ANGO) and Cyberonics Inc. (CYBX). While BABY sports a Zacks Rank #1 (Strong Buy), ANGO and CYBX carry a Zacks Rank #2 (Buy).  

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