Back to top

Image: Bigstock

AVEO Pharmaceuticals (AVEO) Soars: Stock Adds 11.8% in Session

Read MoreHide Full Article

AVEO Pharmaceuticals, Inc. was a big mover last session, as the company saw its shares rise more than 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading within a volatile range of $1.95-$2.90 in the past one-month time frame, showed a sharp increase yesterday.

The move came after the company issued statement on its revised guidance regarding the timing of top-line data from the TIVO-3 study.

The company has not seen any estimate revision in the past month, while the Zacks Consensus Estimate for the current quarter has 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.

AVEO Pharmaceuticals currently has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

Investors interested in the Medical - Biomedical and Genetics industry may consider Genomic Health, Inc. , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

Will You Make a Fortune on the Shift to Electric Cars?
 
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>

Published in