U.S. Markets close in 2 hrs 16 mins

Quidel (QDEL) Catches Eye: Stock Jumps 6.7%

Quidel Corporation QDEL was a big mover last session, as the company saw its shares rise nearly 7% 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 for the company as the stock is now down 18.7% in the past one-month time frame.

The company has seen two negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, 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 can last.

Quidel currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is negative.  

Quidel Corporation Price

Quidel Corporation Price | Quidel Corporation Quote

Another stock worth considering in the Medical - Products sector is Bovie Medical Corporation BVX which carries a Zacks Rank #1.You can see the complete list of today’s Zacks #1 Rank stocks here.

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

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot trades we're targeting>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Bovie Medical Corporation (BVX) : Free Stock Analysis Report
 
Quidel Corporation (QDEL) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research