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CorMedix (CRMD) Shows Strength: Stock Moves Up 24.8%
CorMedix, Inc. (CRMD - Free Report) was a big mover last session, as its shares rose almost 25% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. Yesterday’s rally breaks the trend for the company since Jul 18, as the stock is now trading above the volatile price range of $1.38 to $1.67.
Over the last 30 days, the company witnessed two negative estimate revisions and the Zacks Consensus Estimate also moved lower, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.CorMedix currently has a Zacks Rank #3 (Hold).
CORMEDIX INC Price
CORMEDIX INC Price | CORMEDIX INC Quote
A better-ranked biomedical stock is Anika Therapeutics Inc. (ANIK - Free Report) with a Zacks Rank #2 (Buy).
Is CRMD going up? Or down? Predict to see what others think: Up or Down
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