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Abiomed (ABMD) Looks Good: Stock Adds 7.5% in Session

Zacks Equity Research
Updated

Abiomed, Inc. ABMD was a big mover last session, as the company saw its shares rise more than 7% 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 $168.78 to $181.07 in the past one-month time frame.

The company has seen a mixed track record when it comes to estimate revisions of four increases and two decreases over the past one month, while the Zacks Consensus Estimate has moved higher, suggesting that more solid trading could be ahead for Abiomed. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
 
Abiomed currently has a Zacks Rank #2 (Buy), while its Earnings ESP is positive.

ABIOMED, Inc. Price

ABIOMED, Inc. Price | ABIOMED, Inc. Quote

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Another stock worth considering in the Medical - Instruments industry is Luminex Corporation LMNX, which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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Luminex Corporation (LMNX) : Free Stock Analysis Report
 
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To read this article on Zacks.com click here.
 
Zacks Investment Research