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Synta Pharmaceuticals (SNTA) Jumps: Stock Rises 7.9%

Zacks Equity Research

Synta Pharmaceuticals Corp. (SNTA) was a big mover last session, as the company saw its shares rise by almost 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $4.05 to $4.46 in the past one-month time frame.

This biopharmaceutical company has seen no estimate revision over the past 30 days and its Zacks Consensus Estimate remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Synta Pharmaceuticals has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the same industry include Affymetrix Inc. (AFFX), Agenus Inc. (AGEN) and Actelion Ltd. (ALIOF). All these stocks carry a Zacks Rank #1 (Strong Buy).

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