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Smith & Nephew (SNN) Crumbles: Stock Falls by 5.7%

Zacks Equity Research

Smith & Nephew plc (SNN) saw a big move last session, as the company’s shares fell nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for SNN as the stock is now up more than 18.0% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as the company has seen 2 negative revisions in the past few weeks and its current year earnings consensus has moved lower 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.

SNN currently has a Zacks Rank #3 (Hold) while its Earnings ESP is zero.

Some better-ranked stocks in the health care sector include Cardica Inc. (CRDC), ICU Medical, Inc. (ICUI) and Venaxis, Inc. (APPY). All these stocks carry a Zacks Rank #2 (Buy).

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SMITH & NEPHEW PLC (SNN): Free Stock Analysis Report

CARDICA INC (CRDC): Free Stock Analysis Report

ICU MEDICAL INC (ICUI): Free Stock Analysis Report

VENAXIS INC (APPY): Free Stock Analysis Report

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