VIVUS, Inc. (VVUS - Free Report) was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading within a volatile range of $0.71-$0.84 in the past one-month time frame, showed a sharp increase yesterday.
The move came after the company issued favorable preliminary results from its Phase 1 clinical study.
The company has not seen any estimate revisions over the past month, while the Zacks Consensus Estimate for the current quarter 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.
VIVUS currently has a Zacks Rank #3 (Hold), while its Earnings ESPis 0.00%.
Investors interested in the Medical - Biomedical and Genetics industry may consider Asterias Biotherapeutics, Inc. (AST - 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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