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Air Methods (AIRM) Crumbles: Stock Falls by 7.9%

Zacks Equity Research

Air Methods Corp. (AIRM) saw a big move last session, as the company’s shares fell by nearly 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for AIRM, as the stock is now down over 23% since Oct 10.

This slump shouldn’t be too much of a surprise to investors, as the Medical Services Provider has seen 4 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

AIRM currently has a Zacks Rank #5 (Strong Sell).

Some better-ranked stocks in the Medical Services industry include ICON Public Limited Company (ICLR), BG Medicine, Inc. (BGMD) and BioTelemetry, Inc. (BEAT). While ICON Public holds a Zacks Rank #1(Strong Buy), BG Medicine and BioTelemetry carry a Zacks Rank #2 (Buy).

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AIR METHODS CP (AIRM): Free Stock Analysis Report

BG MEDICINE INC (BGMD): Free Stock Analysis Report

BIOTELEMETRY INC (BEAT): Free Stock Analysis Report

ICON PLC ORD (ICLR): Free Stock Analysis Report


Zacks Investment Research