The Spectranetics Corporation SPNC saw a big move last session, as the company's shares fell nearly 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $20.78–$24.36 in the past one-month time frame, showed a sharp decline yesterday at $22.39.
The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. There has been no estimate revision on either side and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
SPNC currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is -12.50%.
Some better-ranked stocks in the healthcare sector include Omnicare Inc. OCR, Edwards Lifesciences Corp. EW and Medivation, Inc. MDVN. All these stocks carry a Zacks Rank #2 (Buy).
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 >>
The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. There has been no estimate revision on either side and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
SPNC currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is -12.50%.
Some better-ranked stocks in the healthcare sector include Omnicare Inc. OCR, Edwards Lifesciences Corp. EW and Medivation, Inc. MDVN. All these stocks carry a Zacks Rank #2 (Buy).
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 >>
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
EDWARDS LIFESCI EW: Free Stock Analysis Report
MEDIVATION INC MDVN: Free Stock Analysis Report
OMNICARE INC OCR: Free Stock Analysis Report
SPECTRANETICS SPNC: Free Stock Analysis Report
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