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Sage Therapeutics Soars: Stock Adds 7.1% in Session
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Sage Therapeutics, Inc. (SAGE - Free Report) 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 $83.89 –$156.27 in the past one-month time frame, witnessed a sharp increase on Friday.
The move came after Sage announced favorable results for phase 2 trials of its SAGE-217 treatment for severe major depressive disorder.
The company has seen three negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, 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.
Is SAGE going up? Or down? Predict to see what others think: Up or Down
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It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
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Sage Therapeutics Soars: Stock Adds 7.1% in Session
Sage Therapeutics, Inc. (SAGE - Free Report) 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 $83.89 –$156.27 in the past one-month time frame, witnessed a sharp increase on Friday.
The move came after Sage announced favorable results for phase 2 trials of its SAGE-217 treatment for severe major depressive disorder.
The company has seen three negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, 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.
Sage Therapeutics, Inc. Price and Consensus
Sage Therapeutics, Inc. Price and Consensus | Sage Therapeutics, Inc. Quote
Sage Therapeutics currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
A better-ranked stock in the in the Medical sector is Collegium Pharmaceutical, Inc. (COLL - 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 SAGE going up? Or down? Predict to see what others think: Up or Down
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>