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AveXis, Inc. (AVXS) Looks Good: Stock Moves 15.4% Higher

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AveXis, Inc. was a big mover last session, as the company saw its shares rise above 15% on the day. The upside was due to continuation of the rally triggered by the announcement of Phase 1 trial of AVXS-101 in spinal muscular atrophy (SMA) Type 1. Also, this led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 41% in the past one-month time frame.

The company has seen no positive or negative estimate revision in the past 30 days. Also, its Zacks Consensus Estimate remained unchanged over the same timeframe. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

AveXis currently carries a Zacks Rank #3 (Hold).

A better-ranked stock in the Medical – Biomedical and Genetics industry is Anthera Pharmaceuticals, Inc. (ANTH - Free Report) , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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