Inovio Pharmaceuticals, Inc. (INO - Free Report) was a big mover last session, as the company saw its shares rise nearly 6% 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 $4.39 –$5.02 in the past one-month time frame, witnessed a sharp increase yesterday.
The move came after the company announced that PENNVAX-GP (the company's HIV vaccine), maintained durable and robust immune responses at month 12, a full six months after the last dose in a Phase 1 clinical study.
The company has seen one negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also 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.
Inovio Pharmaceuticals currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
A better-ranked stock in the Medical sector is Aeterna Zentaris Inc. (AEZS - 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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