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Mylan (MYL) Surges: Stock Moves 16.2% Higher

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Mylan N.V. was a big mover last session, as the company saw its shares rise more than 16% 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 $30.86 to $33.60 in the past one-month time frame.

The upside came after the company won the U.S. regulators’ approval for its generic version of Teva Pharmaceutical’s multiple sclerosis drug Copaxone.

The company has not seen any estimate revisions over the past month, while the Zacks Consensus Estimate for the current quarter also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Mylan currently has a Zacks Rank #5 (Strong Sell), while its Earnings ESP is negative.

A better-ranked stock in the Medical - Generic Drugs industry is AxoGen, Inc. (AXGN - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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

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