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Chelsea Therapeutics (CHTP) in Focus: Stock Tumbles 7.5%

Zacks Equity Research

Chelsea Therapeutics International Ltd. (CHTP) saw a big move last session, as the company’s shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for CHTP, as the stock is now up over 12% since Jan 15.

This pharmaceutical company has seen a flat track record when it comes to current year estimate revisions over the past few weeks, 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 on this firm in the near future, and especially on earnings estimates following the recent slump.

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

Some better-ranked stocks in the same sector include Actelion Ltd. (ALIOF), Alexion Pharmaceuticals, Inc. (ALXN) and Biogen Idec Inc. (BIIB). All these stocks currently sport a Zacks Rank #1 (Strong Buy).

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CHELSEA THERAPEUTICS INTERNATION (CHTP): Free Stock Analysis Report

ACTELION LTD (ALIOF): Free Stock Analysis Report

ALEXION PHARMACEUTICALS INC (ALXN): Free Stock Analysis Report

BIOGEN IDEC INC (BIIB): Free Stock Analysis Report


Zacks Investment Research