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9 Meters Biopharma (NMTR) in Focus: Stock Moves 5.8% Higher

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9 Meters Biopharma, 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 stock, which remained volatile and traded within the range of 57 cents – 74 cents in the past one-month time frame, witnessed a sharp increase yesterday.

The company's Zacks Consensus Estimate for the current quarter has moved higher over the past few weeks, suggesting that more solid trading could be ahead for 9 Meters Biopharma. 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.

9 Meters Biopharma currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.

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