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Eli Lilly (LLY) Soars: Stock Adds 5.8% in Session
Eli Lilly and Company (LLY - Free Report) 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 breaks the recent trend of the company, as the stock is now trading above the volatile price range of $140.17 to $149.30 in the past one-month time frame.
The company has seen two 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 Eli Lilly. 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.
Eli Lilly currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Eli Lilly and Company Price
Eli Lilly and Company price | Eli Lilly and Company Quote
A better-ranked stock in the Large Cap Pharmaceuticals industry is Innoviva, Inc. (INVA - Free Report) , holding a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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