Time New York: Fri 21 Sep 06:34 am  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

Endocyte (ECYT) Soars: Stock Adds 11.4% in Session

Zacks

Endocyte, Inc. ECYT was a big mover last session, as the company saw its shares rise more than 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $15.80–$19.95 in the past one-month time frame, witnessed a sharp increase yesterday.

The stock gained after the company announced that the U.S. FDA has accepted its Radiographic Progression Free Survival (rPFS) as an alternative primary endpoint for the VISION trial.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has 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.

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


Investors interested in the Medical – Drugs industry may consider Pacira Pharmaceuticals, Inc. PCRX, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

5 Medical Stocks to Buy Now

Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions.

New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits.

Click here to see the 5 stocks >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.