Back to top

Rigel Pharmaceuticals (RIGL) in Focus: Stock Moves 12.1% Higher
October 05, 2017

Read MoreHide Full Article

Rigel Pharmaceuticals, Inc. (RIGL - Free Report) was a big mover last session, as the company saw its shares rise more than 12% 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 52.7% in the past one-month time frame.

The stock gained after the company announced the pricing of its previously announced underwritten public offering of 18,100,000 shares of its common stock, offered at a price of $3.35 per share to the public.

The company has seen x negative estimate revisions in the past few weeks/months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks/months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Rigel Pharmaceuticalscurrently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Rigel Pharmaceuticals, Inc. Price

A better-ranked stock in the Medical sector is Jazz Pharmaceuticals PLC (JAZZ - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

4 Stocks to Watch after the Massive Equifax Hack

Cybersecurity stocks spiked on recent news of a data breach affecting 143 million Americans. But which stocks are the best buy candidates right now? And what does the future hold for the cybersecurity industry?

Equifax is just the most recent victim. Computer hacking and identity theft are more common than ever. Zacks has just released Cybersecurity! An Investor’s Guide to inform Zacks.com readers about this $170 billion/year space. More importantly, it highlights 4 cybersecurity picks with strong profit potential.

Get the new Investing Guide now>>




In-Depth Zacks Research for the Tickers Above


Normally $25 each - click below to receive one report FREE:


Jazz Pharmaceuticals PLC (JAZZ) - free report >>

Rigel Pharmaceuticals, Inc. (RIGL) - free report >>


More from Zacks Tale of the Tape

You May Like