Achaogen, Inc. AKAO was a big mover last session, as its shares rose over 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $3.77 to $5.36 in the past one-month time frame.
Over the last 30 days, the company witnessed one positive and two negative estimate revisions while the Zacks Consensus Estimate moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Achaogen currently carries a Zacks Rank #3 (Hold).
A better-ranked stock in the medical-drugs space is Sucampo Pharmaceuticals, Inc. SCMP, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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