Alder Biopharmaceuticals Inc. (ALDR) saw a big move last session, as the company’s shares fell by about 13% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $14.33–$17.22 in the past one-month time frame, showed a sharp decline yesterday at $14.80.
This slump shouldn’t be too much of a surprise to investors, as this clinical-stage biopharmaceutical company has seen 1 negative revisions in the past few weeks and its current year loss consensus has widened 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.
ALDR currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Some better-ranked stocks in the Med-Biomed/Generic industry include Cambrex Corporation. (CBM), China Biologic Products, Inc. (CBPO) and Gilead Sciences Inc. (GILD). All the three stocks carry a Zacks Rank #1 (Strong Buy).
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Alder Biopharmaceuticals Slumps: ALDR Tanks 13.2% in Session
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