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Amgen (AMGN) Looks Good: Stock Adds 8.2% in Session
Amgen Inc. (AMGN - Free Report) was a big mover last session, as the company saw its shares rise more than 8% 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 $217.90 to $238.70 in the past one-month time frame.
The upmove came after an appeals court ruled in favor of the company, upholding the validity of two patents on its rheumatoid arthritis drug Enbrel.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Amgen currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Amgen Inc. Price
Amgen Inc. price | Amgen Inc. Quote
Investors interested in the Medical - Biomedical and Genetics industry may consider Emergent BioSolutions Inc (EBS - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.
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