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Strength Seen in Geron Corporation (GERN): Stock Surges 23.6%
January 31, 2014

GERN ALIOF AFFX

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Geron Corporation (GERN - Analyst Report) was a big mover last session, as the company saw its shares surge nearly 24% on the day. This significant rally higher can be attributable to solid volume with far more shares changing hands than in a normal session. This stock, trading in a volatile price range of $4.26 to $5.71 in the past one-month time frame, showed a pick-up yesterday at $5.35. The stock shot up on the company’s announcement of the pricing of its common stock offering.

In the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate has remained unchanged. However, the recent rally high is encouraging, so make sure to keep a close watch on this firm in the near future.

Geron Corporation currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the healthcare industry include Actelion Ltd. (ALIOF), Gentium S.p.A and Affymetrix Inc. (AFFX - Analyst Report). All these stocks hold a Zacks Rank #1 (Strong Buy).

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