Aldeyra Therapeutics, Inc. (ALDX - Free Report) was a big mover last session, as the company saw its shares rise more than 34% 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 $3.90 to $4.30 in the past one month time frame.
The move came after the company reported positive results from the clinical trial of its Phase 2a of ADX-102 for patients with dry eye disease.
The company has seen two positive estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for Aldeyra Therapeutics. 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.
Aldeyra Therapeutics currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Investors interested in the Medical - Drugs industry may consider Corbus Pharmaceuticals Holdings, Inc. (CRBP - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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