Sector Update: Health Care Stocks Mixed Late Afternoon

MT Newswires Live
Oct 24

Health care stocks were mixed late Thursday afternoon, with the NYSE Health Care Index shedding 0.1% and the Health Care Select Sector SPDR Fund (XLV) fractionally higher.

The iShares Biotechnology ETF (IBB) rose 0.3%.

In corporate news, Ventyx Biosciences (VTYX) shares surged 76% after the company said VTX3232 showed significant reductions in cardiovascular risk factors in a phase 2 trial in people with obesity and cardiovascular risks.

Molina Healthcare (MOH) shares fell 18%. The company late Wednesday reported quarterly earnings that missed market expectations and issued a full-year outlook below analysts' estimates.

Moderna (MRNA) shares were down 2.7% after the company said a phase 3 trial of mRNA-1647 investigational vaccine failed to meet its primary efficacy endpoint of preventing cytomegalovirus infection in seronegative women of childbearing age between 16 and 40 years.

Viking Therapeutics (VKTX) shares jumped 8% after Morgan Stanley raised the company's price target to $102 from $98, while keeping its overweight rating. Viking reported Q3 results late Wednesday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10