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Sage Therapeutics Soars: Stock Adds 7.1% In Session

By Zacks Investment ResearchStock MarketsDec 10, 2017 08:36PM ET
www.investing.com/analysis/sage-therapeutics-soars-stock-adds-71-in-session-200272173
Sage Therapeutics Soars: Stock Adds 7.1% In Session
By Zacks Investment Research   |  Dec 10, 2017 08:36PM ET
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Sage Therapeutics, Inc. (NASDAQ:SAGE) was a big mover last session, as the company saw its shares rise more than 7% 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 $83.89 –$156.27 in the past one-month time frame, witnessed a sharp increase on Friday.

The move came after Sage announced favorable results for phase 2 trials of its SAGE-217 treatment for severe major depressive disorder.

The company has seen three negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, 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.

Sage Therapeutics currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

A better-ranked stock in the in the Medical sector is Collegium Pharmaceutical, Inc. (NASDAQ:COLL) , 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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Sage Therapeutics, Inc. (SAGE): Free Stock Analysis Report

Collegium Pharmaceutical, Inc. (COLL): Free Stock Analysis Report

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Sage Therapeutics Soars: Stock Adds 7.1% In Session
 

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Sage Therapeutics Soars: Stock Adds 7.1% In Session

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