Editas Medicine (EDIT) Catches Eye: Stock Jumps 9%

By Zacks Investment ResearchStock MarketsMar 18, 2020 10:40PM ET

www.investing.com/analysis/editas-medicine-edit-catches-eye-stock-jumps-9-200517341

Editas Medicine (EDIT) Catches Eye: Stock Jumps 9%

By Zacks Investment Research | Mar 18, 2020 10:40PM ET

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CRMD

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+4.92%

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Editas Medicine, Inc. (NASDAQ:EDIT) was a big mover last session, as the company saw its shares rise 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $14.88–$26.54 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen one negative estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

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

Editas Medicine, Inc. Price

Editas Medicine, Inc. Price

Editas Medicine, Inc. price | Editas Medicine, Inc. Quote

A better-ranked stock in the Medical - Biomedical and Genetics industry is CorMedix Inc (NYSE:CRMD) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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Editas Medicine (EDIT) Catches Eye: Stock Jumps 9%

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