AbbVie Inc. (ABBV - Free Report) was a big mover last session, as the company saw its shares rise more than 6% 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 14.4% in the past one-month time frame.
The move came after the company announced solid top-line results from the Phase 2b study of upadacitinib. This covers the latest research on medication for eczema.
The company has not seen any estimate revisions in the past one month, while its 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.
AbbVie currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.
Investors interested in the Medical sector may consider a better-ranked stock like Merit Medical Systems, Inc. (MMSI - 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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