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Ionis Pharmaceuticals (IONS) Looks Good: Stock Adds 7.8% in Session

Zacks Equity Research
Updated

Ionis Pharmaceuticals, Inc. IONS was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 22.9% in the past one-month time frame.

The company has seen five negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting 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.

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

Ionis Pharmaceuticals, Inc. Price

Ionis Pharmaceuticals, Inc. Price | Ionis Pharmaceuticals, Inc. Quote

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A better-ranked stock in the Medical – Drugs industry is Endo International plc ENDP, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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