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Fate Therapeutics (FATE) Jumps: Stock Moves 6.5% Higher

Fate Therapeutics, Inc. FATE was a big mover last session, as its shares rose almost 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. Friday’s rally breaks the recent for the company, as the stock is now trading above the volatile trend of $1.72 to $2.02 in the past one-month time frame.

Over the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

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

A better-ranked biomedical stock is Anika Therapeutics Inc. ANIK with a Zacks Rank #1 (Strong Buy).

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ANIKA THERAPEUT (ANIK): Free Stock Analysis Report
 
FATE THERAPEUTC (FATE): Free Stock Analysis Report
 
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