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Tesaro (TSRO) Surges: Stock Moves 5.5% Higher

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Tesaro, Inc. was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 29.3% in the past one-month time frame.

The move came after the company reported that it has commenced the second stage of its JASPER study.

The company has seen eight 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.

Tesaro currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.  

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

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