Kite Pharma (KITE) Shows Strength: Stock Moves Up 16.4%

Kite Pharma, Inc. (KITE) was a big mover last session, as its shares rose over 16% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the uptrend for the company since Dec 1, as the stock is now up nearly 26%.

Over the last 30 days, the company witnessed one negative estimate revision and the Zacks Consensus Estimate also moved lower, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.

Kite Pharma currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Other better-ranked biomedical stocks include Affymetrix Inc. (AFFX), ANI Pharmaceuticals, Inc. (ANIP) and Illumina Inc. (ILMN). All three sport a Zacks Rank #1 (Strong Buy).

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KITE PHARMA INC (KITE): Free Stock Analysis Report

ILLUMINA INC (ILMN): Free Stock Analysis Report

AFFYMETRIX INC (AFFX): Free Stock Analysis Report

ANI PHARMACEUTICALS INC (ANIP): Free Stock Analysis Report

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Source Article from http://finance.yahoo.com/news/kite-pharma-kite-shows-strength-105726238.html
Kite Pharma (KITE) Shows Strength: Stock Moves Up 16.4%
http://finance.yahoo.com/news/kite-pharma-kite-shows-strength-105726238.html
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