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Sarepta Therapeutics Slumps: SRPT Tanks 12.9% in Session

Zacks Equity Research

Sarepta Therapeutics, Inc. (SRPT) saw a big move last session, as the company’s shares fell by nearly 13% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for SRPT, as the stock is now down 31.9% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as though the biopharmaceutical company has seen no negative revision in the past few weeks, its current year loss consensus has widened over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the
earnings picture definitely suggests that this might be the case.

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

Some better-ranked stocks in the Med-Biomed/Gene industry include Actelion Ltd. (ALIOF), Biogen Idec Inc. (BIIB) and Curis, Inc. (CRIS). All these stocks carry a Zacks Rank #1 (Strong Buy).

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SAREPTA THERAPEUTICS DE (SRPT): Free Stock Analysis Report

ACTELION LTD (ALIOF): Free Stock Analysis Report

BIOGEN IDEC INC (BIIB): Free Stock Analysis Report

CURIS INC (CRIS): Free Stock Analysis Report

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