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Veracyte (VCYT) in Focus: Stock Moves 7% Higher

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Zacks Equity Research
·2 min read
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Veracyte, Inc. VCYT was a big mover last session, as the company saw its shares rise more than 7% 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 $47.85 –$61.88 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen two positive estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for Veracyte. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

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

Veracyte, Inc. Price

Veracyte, Inc. Price
Veracyte, Inc. Price

Veracyte, Inc. price | Veracyte, Inc. Quote

 

A better-ranked stock in the Medical sector is Alimera Sciences, Inc. ALIM, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Alimera Sciences, Inc. (ALIM) : Free Stock Analysis Report
 
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To read this article on Zacks.com click here.
 
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