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Tale of the Tape

Zacks Equity Research

Editas Medicine (EDIT) Catches Eye: Stock Moves Up 11%
October 05, 2016

ANIK EDIT

Trades from $3

Editas Medicine Inc. (EDIT - Free Report) was a big mover last session, as the company saw its shares rise over 10.6% on the day. The news led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the recent trend for the company as the stock is now down 6.8% in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days while the Zacks Consensus Estimate moved lower, suggesting 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.

Editas Medicine has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

A better-ranked stock in the same industry is Anika Therapeutics Inc. (ANIK - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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