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As of late, it has definitely been a great time to be an investor in Volcano Corporation VOLC. The stock has moved higher by 63.6% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.
On Wednesday, the shares of Volcano Corp surged 55.3% following news that Koninklijke Philips N.V PHG will buy the company for $1.2 billion.
We certainly think that this might be the case, particularly if you consider VOLC's recent earnings estimate revision activity. From this look, the company's future is quite favorable; as VOLC has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company.
On Wednesday, the shares of Volcano Corp surged 55.3% following news that Koninklijke Philips N.V PHG will buy the company for $1.2 billion.
We certainly think that this might be the case, particularly if you consider VOLC's recent earnings estimate revision activity. From this look, the company's future is quite favorable; as VOLC has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company.
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