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Ophthotech (OPHT) Jumps: Stock Rises 11.9%

Zacks Equity Research
Updated

Ophthotech Corporation OPHT was a big mover last session, as the company saw its shares rise nearly 12% 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 $69.68–$76.25 in the past one-month time frame, witnessed a sharp increase yesterday.

The Zacks Consensus Estimate for the current quarter has moved lower in the past 60 days, suggesting that there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.   

Ophthotech currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Ophthotech Corporation Price and Consensus

Ophthotech Corporation Price and Consensus | Ophthotech Corporation Quote

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A better ranked stock in the  Medical - Biomedical and Genetics industry is Myriad Genetics, Inc. MYGN which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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