Matinas BioPharma Holdings, Inc.
was a big mover last session, as the company saw its shares rise nearly 9% 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 76-89 cents per share in the past one-month time frame.
The company has seen one positive estimate revision in the past month, while its Zacks Consensus Estimate for the current quarter has also moved higher in the same time frame, suggesting that more solid trading could be ahead for Matinas BioPharma. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Matinas BioPharma currently has a Zacks Rank #3 (Hold) while its
A better-ranked stock in the Medical – Drugs industry is
Ironwood Pharmaceuticals, Inc.
, which currently carries a Zacks Rank #2 (Buy). You can see
the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
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