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MEDNAX (MD) Catches Eye: Stock Jumps 5.4%

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MEDNAX, Inc. (MD - Free Report) was a big mover last session, as the company saw its shares rise more than 5% 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 $17.76 –$1.90 in the past one-month time frame, witnessed a sharp increase yesterday.

This move came after the company inked a deal with Radiology Partners to sell MEDNAX Radiology Solutions for $885 million.

The company has seen three positive estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for MEDNAX. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

MEDNAX, Inc. Price

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

A better-ranked stock in the Medical – Hospital industry is Universal Health Services, Inc (UHS - 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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Universal Health Services, Inc. (UHS) - free report >>

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