BioMarin Pharmaceutical Inc. (NASDAQ:BMRN) 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 stock, which remained volatile and traded within the range of $80.35 –$88.51 in the past one-month time frame, witnessed a sharp increase yesterday.
The company has seen seven 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.
BioMarin currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
BioMarin Pharmaceutical Inc. Price
Investors interested in the Medical - Biomedical and Genetics industry may consider Anika Therapeutics, Inc. (NASDAQ:ANIK) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is BMRN going up? Or down? Predict to see what others think: Up or Down
Radical New Technology Creates $12.3 Trillion Opportunity
Imagine buying Microsoft (NASDAQ:MSFT) stock in the early days of personal computers… or Motorola (NYSE:MSI) after it released the world’s first cell phone. These technologies changed our lives and created massive profits for investors.
Today, we’re on the brink of the next quantum leap in technology. 7 innovative companies are leading this “4th Industrial Revolution” - and early investors stand to earn the biggest profits.
See the 7 breakthrough stocks now>>
Anika Therapeutics Inc. (ANIK): Free Stock Analysis Report
BioMarin Pharmaceutical Inc. (BMRN): Free Stock Analysis Report
Original post
Zacks Investment Research