Calithera Biosciences (CALA) Jumps: Stock Moves 17% Higher

MEIP CALA

Calithera Biosciences, Inc. (CALA - Free Report) was a big mover last session, as the company saw its shares rise over 17% on the day. The move came on solid volume 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 $10.85 to $14.30 in the past one-month time frame.

The company has seen one negative estimate revision in the last 30 days, while the Zacks Consensus Estimate moved higher suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.

Currently, Calithera Biosciences carries a Zacks Rank #3 (Hold).

A better-ranked stock in the same industry is MEI Pharma, Inc. (MEIP - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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