Back to top

Image: Bigstock

Array BioPharma (ARRY) in Focus: Stock Moves 9.3% Higher

Read MoreHide Full Article

Array BioPharma Inc. (ARRY - Free Report) was a big mover last session, as its shares rose over 9% on the day. The upside was driven by the company’s revenue beat in the fourth quarter of fiscal 2016. This led to 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 $3.53 to $4.22 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Array BioPharma currently carries a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

A better-ranked stock in the med-biomed/gene space is Anika Therapeutics Inc. (ANIK - Free Report) , which sports a Zacks Rank #1 (Strong Buy).

Is ARRY going up? Or down? Predict to see what others think: Up or Down

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


Array Technologies, Inc. (ARRY) - free report >>

Anika Therapeutics Inc. (ANIK) - free report >>

Published in