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Halozyme Therapeutics (HALO) Catches Eye: Stock Up 7.9%

Zacks

Halozyme Therapeutics, Inc. HALO was a big mover last session, as the company saw its shares rise almost 8% on the day. The stock rallied after Piper Jaffray raised its price target on the stock from $15 to $18 on "increased conviction" in the long-term value of the San Diego-based biotech's company’s products, after an investor meeting with Halozyme’s management. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $9.42 to $11.10 in the past one-month time frame.

In the last 30 days, the company has seen no estimate revision and the Zacks Consensus Estimate 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.

Halozyme Therapeutics currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

A better-ranked Medical/Biomedical-Gene stock is ANI Pharmaceuticals, Inc. ANIP, which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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