Cerus Corporation (CERS - Free Report) was a big mover last session, as the company saw its shares rise over 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $2.5–$2.9 in the past one-month time frame, witnessed a sharp increase yesterday.
The price appreciation took place on the back of the news that the U.S. Food and Drug Administration approved the Rhode Island Blood Center's Biologics License Application (BLA) for the interstate distribution of platelets that have been pathogen-reduced with the Intercept Blood System.
The company has seen no estimate revisions over the past one month, and the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Cerus currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Cerus Corporation Price and Consensus
A better-ranked stock in the Medical - Products industry is Essilor International SA (ESLOY - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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