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Strength Seen in FibroGen (FGEN): Stock Soars 48.2%

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FibroGen, Inc. (FGEN - Free Report) was a big mover last session, as the company saw its shares rise over 48% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $32.55 to $35.55 in the past one-month time frame.

The stock gained after issuing the positive results from its phase II trial testing of its idiopathic pulmonary fibrosis therapy.

The company has not seen any estimate revisions over the past one month, while the Zacks Consensus Estimate for the current quarter has moved lower over the same time period. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

FibroGen currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.

A better-ranked stock in the Medical - Drugs industry is Alpine Immune Sciences, Inc. (ALPN - Free Report) , which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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