BioLineRx Ltd. (BLRX - 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 continues the recent uptrend for the company as the stock is now up 54.8% in the past one-month time frame.
The move came after the company reported that it has inked a deal with Biokine Therapeutics for increasing its stake in the lead oncology program, BL-8040.
The company has seen two positive estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for BioLineRx. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
BioLineRx currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Another stock worth considering in the Medical - Drugs industry is BioSpecifics Technologies Corp (BSTC - Free Report) which 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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