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Medicines Company (MDCO) Jumps: Stock Rises 5.5%

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The Medicines Company (MDCO - 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 continues the recent uptrend for the company—as the stock is now up 42% in the past one-month time frame.

The stock gained after the company announced positive topline results for ORION-10 phase 3 clinical study of Inclisiran in patients with atherosclerotic cardiovascular disease.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has 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.

Medicines Company currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

The Medicines Company Price

Investors interested in the Medical - Biomedical and Genetics industry may consider Acorda Therapeutics, Inc. (ACOR - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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