Currently, the Nasdaq has remained steady, the S&P 500 has increased 0.1% and the Dow is up 0.2%. 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.
These are the biggest movers in the Healthcare sector (XLV) (+0.3%):
|Company||Market Cap||Percentage Change|
|Idenix Pharmaceuticals (Nasdaq:IDIX)||$617.2 million||+13.9%|
|ABIOMED (Nasdaq:ABMD)||$567.7 million||-7.2%|
|Sarepta Therapeutics (Nasdaq:SRPT)||$789.3 million||+4.7%|
|Meridian Bioscience (Nasdaq:VIVO)||$846.9 million||-4.2%|
|Genomic Health (Nasdaq:GHDX)||$862.8 million||-3.4%|
|Myriad Genetics (Nasdaq:MYGN)||$2.5 billion||-2.8%|
|United (Nasdaq:UTHR)||$2.74 billion||-1.8%|
Broker Summary: OptionsXpress Online Trading Platform
Idenix Pharmaceuticals (Nasdaq:IDIX) has soared 13.9% to reach a current price of $5.15 per share. So far today, the company's volume is 1.1 million shares, consistent with its current daily average.
Slipping 7.2%, ABIOMED (Nasdaq:ABMD) is currently trading at $13.60 per share. So far today, 913,970 shares have changed hands.
Sarepta Therapeutics (Nasdaq:SRPT) is up 4.7% to reach a current price of $30.11 per share. At 2.4 million shares, the company's volume so far today is whereas yesterday, volume was only 2.4 million shares.
Falling 4.2%, Meridian Bioscience (Nasdaq:VIVO) is currently at a share price of $19.69. The company is currently trading a volume of 192,948 shares. This is 1.4 times the average volume over the last three months.
Genomic Health (Nasdaq:GHDX) has decreased to $27.30 per share, a 3.4% fall. So far today, the company's volume is 217,320 shares, 0.9 times the average daily volume.
Currently trading at $29.57 per share, Myriad Genetics (Nasdaq:MYGN) has fallen 2.8%. The company's volume for the day so far is 215,057 shares.
United (Nasdaq:UTHR) is down 1.8% to reach $51.69 per share. So far today, the company's volume is 235,135 shares, on pace to finish the day below yesterday's volume of one million shares.
The Bottom Line On any given day, a particular stock may see positive or negative change in its share price. It is important to weigh current activity against historical performance when making any investment decisions. Keep in mind that all these ratios should be compared against historical numbers and industry information in order to get a more complete picture.