Strength Seen in Myovant Sciences (MYOV): Stock Soars 16.1%

LGND

Myovant Sciences Ltd. was a big mover last session, as the company saw its shares rise over 16% 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 $9.93 –$12.04 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has not seen any estimate revisions over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Myovant Sciences currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.   

A better-ranked stock in the Medical -Biomedical and Genetics industryis Ligand Pharmaceuticals Incorporated (LGND - Free Report) , 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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