Exelixis, Inc. (EXEL - Free Report) was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 14.7% in the past one-month time frame.
The Zacks Consensus Estimate for the current quarter has moved lower over the past few weeks, 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.
Exelixis currently has a Zacks Rank #4 (Sell) while its Earnings ESP is positive.
A better-ranked stock in the Medical sector is Biohaven Pharmaceutical Holding Company Ltd. (BHVN - 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.
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