Pacira Pharmaceuticals, Inc. (PCRX Quick QuotePCRX - Free Report) was a big mover last session, as the company saw its shares rise more than 12% on Friday. 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 $27.50 to $32.25 in the past one-month time frame.

The move came after the U.S. Food and Drug Administration has approved the company’s supplemental new drug application (sNDA) in order to widen the use of EXPAREL block to produce postsurgical regional analgesia.

The company has not seen any estimate revisions over the past one 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.

Pacira Pharmaceuticals currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.

A better-ranked stock in the Medical - Drugs industry is BioSpecifics Technologies Corp. , which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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Zacks Editor-in-Chief Goes "All In" on This Stock
 
Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.

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