Intra-Cellular Therapies, Inc. (ITCI - Free Report) was a big mover last session, as the company saw its shares rise nearly 28% 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 $10.77 and $12.53 in the past one-month time frame.
The stock gained after the company received a positive regulatory update from U.S. FDA concerning its lumateperone treatment for schizophrenia.
The company has seen three positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher, suggesting that more solid trading could be ahead for Intra-Cellular. 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.
Intra-Cellular currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Another stock worth considering in the Medical - Biomedical and Genetics industry is Alexion Pharmaceuticals, Inc. (ALXN - Free Report) 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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