Palatin Technologies, Inc. (NYSE:PTN) was a big mover last session, as the company saw its shares rise more than 13% 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 57.8% in the past one-month time frame.
The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Palatin Technologies. 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.
Palatin Technologies currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Another stock worth considering in the Medical sector is Ligand Pharmaceuticals Incorporated (NASDAQ:LGND) 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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Ligand Pharmaceuticals Incorporated (LGND): Free Stock Analysis Report
Palatin Technologies, Inc. (PTN): Free Stock Analysis Report
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