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Rigel Pharmaceuticals (RIGL) Looks Good: Stock Adds 9.7% in Session

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Rigel Pharmaceuticals, Inc. (RIGL - Free Report) was a big mover last session, as the company saw its shares rises more than 9% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $1.79 –$2.05 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen one negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, 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.

Rigel Pharmaceuticals currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Rigel Pharmaceuticals, Inc. Price

A better-ranked stock in the Medical - Drugsindustry is Hikma Pharmaceuticals Plc (HKMPF - 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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