Relypsa, Inc. (RLYP) was a big mover last session, as the company saw its shares rise almost 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend of the company, as the stock is now trading above the volatile price range of $22.38 to $25.27 since Aug 13, 2015.
The company has seen 1 positive revision in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Relypsa. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Relypsa currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
A better-ranked medical stock is Dr. Reddy's Laboratories Ltd. (RDY), sporting a Zacks Rank #1 (Strong Buy).
Is RLYP going up? Or down? Predict to see what others think: Up or Down
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