Filed Under: ,
Tickers in this Article: QCOR, VVUS, ABAX, PRXL, MDVN, REGN, MYGN
It's been a bad day for the market after the morning's trading. The Nasdaq is down 0.7%; the S&P 500 is trading down 0.8%; and the Dow has decreased 0.6%. The healthcare sector is the category of stocks relating to medical and healthcare goods or services. This sector includes hospital management firms, health maintenance organizations (HMOs), biotechnology and a variety of medical products. Stocks in the healthcare sector are often considered to be defensive because the products and services are essential. Even during economic downturns, people will still require medical aid and medicine to overcome illness. Having a consistent demand for goods and services makes this sector less sensitive to business cycle fluctuations.

The Healthcare sector (XLV) is currently ahead of the overall market, down only 0.6%, and its biggest movers are currently:
CompanyMarket CapPercentage Change
Questcor Pharmaceuticals (Nasdaq:QCOR)$1.75 billion-7.6%
VIVUS (Nasdaq:VVUS)$1.32 billion+3%
Abaxis (Nasdaq:ABAX)$815.9 million-2.7%
PAREXEL (Nasdaq:PRXL)$1.74 billion-2.4%
Medivation (Nasdaq:MDVN)$3.73 billion+1.7%
Regeneron Pharmaceuticals (Nasdaq:REGN)$16.42 billion-1.7%
Myriad Genetics (Nasdaq:MYGN)$2.19 billion+1.1%
Broker Summary: E-Trade Financial

Questcor Pharmaceuticals (Nasdaq:QCOR) has decreased to $27.64 per share, a 7.6% fall. The company's volume for the day so far is 1.4 million shares, one times the current three-month average.

VIVUS (Nasdaq:VVUS) has moved up 3% and is currently trading at $13.56 per share. So far today, 2.5 million shares have changed hands.

Slipping 2.7%, Abaxis (Nasdaq:ABAX) is currently trading at $36.18 per share. At 36,081 shares, the company's volume so far today is 0.4 times its current daily average.

PAREXEL (Nasdaq:PRXL) has fallen 2.4% and is currently trading at $28.81 per share. The company's volume for the day so far is 1.3 million shares. Yesterday, volume was only 577,614 shares.

Medivation (Nasdaq:MDVN) has risen 1.7% and is currently trading at $50.98 per share. With 471,191 shares changing hands so far today, the company's volume is consistent with its current three-month average.

At $167.19, Regeneron Pharmaceuticals (Nasdaq:REGN) has slipped 1.7%. The company is currently trading a volume of 325,565 shares.

Rising 1.1%, Myriad Genetics (Nasdaq:MYGN) is currently trading at $27.21 per share. At 129,345 shares, the company's volume so far today is 0.2 times the current daily average.

The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. Daily stock performance should be weighed against historical performance and put in context of the market overall. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.

comments powered by Disqus

Trading Center