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ImmunoGen (IMGN) Jumps: Stock Rises 10.4%

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ImmunoGen, Inc. (IMGN - Free Report) was a big mover last session, as the company saw its shares rise over 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $4.36 to $5.16 in the past one-month time frame.

The move came after a Leerink analyst apparently reiterated his Outperform rating and raised his price target for the company.

The company has seen four negative estimate revisions in the past two months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past two months, 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.

ImmunoGen currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

ImmunoGen, Inc. Price and Consensus

A better-ranked stock in the Medical – Drugs industry is Eisai Co. (ESALY - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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