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Cardica Inc. (CRDC) in Focus: Stock Moves 5.9% Higher

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Cardica Inc. was a big mover last session, as the company saw its shares rise by almost 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 $0.98 to $1.31 in the past one-month time frame.

This medical products company has seen no estimate revision over the past 30 days and its Zacks Consensus Estimate remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

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

Some better-ranked stocks in the same industry include NuVasive, Inc. (NUVA - Free Report) , Baxano Surgical, Inc. and Mead Johnson Nutrition Company . While NuVasive holds a Zacks Rank #1 (Strong Buy), Baxano Surgical and Mead Johnson Nutrition carry a Zacks Rank #2 (Buy).

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