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Valeant Pharmaceuticals (VRX) in Focus: Stock Moves 5.5% Higher

Zacks

Valeant Pharmaceuticals International, Inc. VRX was a big mover last session, as the company saw its shares rise nearly 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 $11.06 to $14.94 in the past one-month time frame.

The stock gained after the company reported that Joseph C. Papa, chairman and chief executive officer, and Arthur J. Shannon, senior vice president and head of Investor Relations and Communications, are scheduled to participate at the Stifel 2017 Healthcare Conference in New York on Nov. 14, 2017.

The company has seen a mixed track record when it comes to estimate revisions of four increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Valeant Pharmaceuticalscurrently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.


Valeant Pharmaceuticals International, Inc. Price

A better-ranked stock in the Medical sector is Advanced Accelerator Applications S.A. AAAP, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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