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Axovant Sciences (AXON) Soars: Stock Adds 5.5% in Session

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Axovant Sciences Ltd. 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. The stock picked up sharply from the near-flat trend of $1.14 to $4.55 in the past one month time frame.

The stock gained on a licensing deal with Oxford BioMedica, which is related to the Parkinson's disease.

The company has seen no estimate revisions over the past few weeks and the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Axovant Sciences currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative. 

A better-ranked stock in the Medical - Biomedical and Genetics industry is Genomic Health, Inc. , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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