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Rigel Pharmaceuticals (RIGL) in Focus: Stock Moves 6.2% Higher

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Investors need to pay close attention to Teck Resources (TECK) stock based on the movements in the options market lately.

Rigel Pharmaceuticals, Inc. RIGL was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $2.68–$3.43 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Rigel Pharmaceuticals currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00.

Rigel Pharmaceuticals, Inc. Price

Rigel Pharmaceuticals, Inc. Price | Rigel Pharmaceuticals, Inc. Quote

A better-ranked stock in the Medical – Drugs industry is BioSpecifics Technologies Corp. BSTC, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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