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Ionis Pharmaceuticals (IONS) in Focus: Stock Soars 11.3%

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Ionis Pharmaceuticals, Inc. (IONS - Free Report) was a big mover last session, as the company saw its shares rise over 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company since Jun 27, as the stock is now up nearly 26%.

The company has seen one negative revision in the past one month, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Ionis Pharmaceuticals currently carries a Zacks Rank #4 (Sell), while its Earnings ESP is positive.

A better-ranked stock in the same industry is Cardiome Pharma Corp. , sporting a Zacks Rank #1 (Strong Buy).

Is IONS going up? Or down? Predict to see what others think: Up or Down

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