Kite Pharma (KITE) in Focus: Stock Tumbles 9.2% – Tale of the Tape

Kite Pharma, Inc. (KITE) saw a big move last session, as the company’s shares fell by over 9% on the day. The move came on pretty good 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 below the volatile price range of $71.03 to $87.62 since Jan 8, 2015.

The biopharmaceutical company has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

KITE currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Investors interested in the Medical-Biomedical/Generic industry may consider better-ranked stock like Alexion Pharmaceuticals, Inc. (ALXN), which carries a Zacks Rank #1 (Strong Buy).  

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KITE PHARMA INC (KITE): Free Stock Analysis Report
 
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Source Article from http://finance.yahoo.com/news/kite-pharma-kite-focus-stock-135601952.html
Kite Pharma (KITE) in Focus: Stock Tumbles 9.2% – Tale of the Tape
http://finance.yahoo.com/news/kite-pharma-kite-focus-stock-135601952.html
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