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Strength Seen in AstraZeneca (AZN): Stock Soars 9.3%

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AstraZeneca PLC (AZN - Free Report) was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $35.49 to $37.20 in the past one-month time frame.

The move came after the company reported better-than-expected fourth-quarter 2018 results.

The company has seen two 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.

AstraZeneca currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.

AstraZeneca PLC Price

Investors interested in the Large Cap Pharmaceuticals industry may consider Bristol-Myers Squibb Company (BMY - Free Report) , which has a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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

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