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Illumina (ILMN) Catches Eye: Stock Soars 14.8%
August 03, 2017

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Illumina, Inc. (ILMN - Free Report) was a big mover last session, as the company saw its shares rise over 14% 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 $169.00 to $176.30 in the past one-month time frame.

The move came after the company reported solid second-quarter 2017 results.

The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Illumina currently has a Zacks Rank #2 (Buy) while its Earnings ESP is negative.

Illumina, Inc. Price and Consensus

Another stock worth considering in the Medical - Biomedical and Genetics industry is Innoviva, Inc. (INVA - Free Report) which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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