Fortress Biotech (FBIO) Catches Eye: Stock Moves Up 8.3% – March 20, 2017

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Fortress Biotech, Inc. (FBIO Free Report) was a big mover last session, as its shares rose over 8% on the day. The move came after the company reported encouraging fourth-quarter and full-year 2016 results. This also led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 37% in the past one-month time frame.

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. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Fortress Biotech currently carries a Zacks Rank #3 (Hold).

A better-ranked stock in the Medical – Biomedical and Genetics space is Anthera Pharmaceuticals, Inc. (ANTH Free Report) , carrying a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank  stocks here.
    
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Source: einnews.com