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Cara Therapeutics (CARA) Catches Eye: Stock Rises 5.7%

Zacks

Cara Therapeutics Inc. CARA was a big mover last session, as the company saw its shares rise almost 6% on the day. The upside came on the company’s announcement of the successful initiation of the phase IIb clinical trial of its oral formulation of CR845 for the treatment of pain associated with osteoarthritis. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $5.32 to $6.50 in the past one-month time frame.

In the last 30 days, the company has seen one downward estimate revision and the Zacks Consensus Estimate also moved lower, 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.

Cara Therapeutics currently carries a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.

CARA THERAPEUTC Price


CARA THERAPEUTC Price | CARA THERAPEUTC Quote

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

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