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Fate Therapeutics (FATE) Jumps: Stock Moves 22.8% Higher
Fate Therapeutics, Inc. (FATE - Free Report) was a big mover last session, as its shares rose almost 23% on the day. The upside was driven by the company’s announcement of second-quarter 2016 results and business updates. This also led to far more shares changing hands than in a normal session. Yesterday’s rally continues the uptrend of the company, as the stock is now up 48% in the past one-month time frame.
Over the last 30 days, the company did not witness any estimate revision while the Zacks Consensus Estimate moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Fate Therapeutics currently has a Zacks Rank #3 (Hold).
FATE THERAPEUTC Price
FATE THERAPEUTC Price | FATE THERAPEUTC Quote
A better-ranked biomedical stock is ANI Pharmaceuticals, Inc. (ANIP - Free Report) with a Zacks Rank #1 (Strong Buy).
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