Varex Imaging, Corp. VREX was a big mover last session, as the company saw its shares rises more than 6% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is down 29.4% in the past one-month time frame.
The company has seen three negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, 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.
Varex currently carries a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Varex price | Varex Quote
A better-ranked stock in the Medical – Products industry is Quidel Corporation QDEL, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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