Cellectis S.A. (CLLS - Free Report) was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 25.8% in the past one-month time frame.
The upside is likely to have taken place after the company announced that its wholly owned subsidiary, Calyxt, Inc., has started the process for an IPO (initial public offering) and filed relevant papers with the US Securities and Exchange Commission.
The company has seen two positive estimate revisions in the past one month, while its Zacks Consensus Estimate for the current quarter has also moved higher over the same time frame, suggesting that more solid trading could be ahead for Cellectis. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Cellectis currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Cellectis S.A. Price and Consensus
Another stock worth considering in the Utility - Electric Powerindustry is Atlantica Yield PLC which carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
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