China Biologic Products (CBPO) Crumbles: Stock Falls by 6.7%
China Biologic Products, Inc. (CBPO) saw a big move last session, as the company’s shares fell by nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for CBPO as the stock is now up around 29.6% in the past one-month time frame.
China Biologic Products has seen a flat track record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), 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 of this firm in the near future, and especially on earnings estimates following the recent slump.
CBPO currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the healthcare sector include AMAG Pharmaceuticals, Inc. (AMAG), Heska Corporation (HSKA) and Illumina Inc. (ILMN). All these stocks hold a Zacks Rank #1 (Strong Buy).
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CHINA BIOLOGIC PRODUCTS INC (CBPO): Free Stock Analysis Report
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