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Weakness Seen in Sanofi (SNY): Stock Tumbles 9%

Zacks Equity Research

Sanofi (SNY) saw a big move last session, as the company’s shares fell by nearly 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for SNY, as the stock is now down about 14% in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as this drug manufacturer company has seen two negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

SNY currently has a Zacks Rank #4 (Sell).

Some better-ranked stocks in the Large Cap Pharma industry include AbbVie Inc. (ABBV), Allergan Inc. (AGN) and Bristol-Myers Squibb Company (BMY). All these stocks hold a Zacks Rank #2 (Buy).

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SANOFI (SNY): Free Stock Analysis Report


Zacks Investment Research