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Organovo Holdings (ONVO) Looks Good: Stock Jumps 9.2%
Organovo Holdings, Inc. was a big mover last session, as the company saw its shares rise over 9% on the day. The upside was driven by the company’s announcment that its ExVive Human Kidney Tissue was generating strong customer response following its recent launch in September. This resulted in solid volume with far more shares changing hands than in a normal session. This reverses the recent trend for the company since Oct 11, as the stock is now down nearly 31%.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Organovo Holdings currently carries a Zacks Rank #3 (Hold).
ORGANOVO HLDGS Price
ORGANOVO HLDGS Price | ORGANOVO HLDGS Quote
A better-ranked stock in the same industry is Adocia S.A. (ADOCY - Free Report) , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is ONVO going up? Or down? Predict to see what others think: Up or Down
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