01:35 PM EDT, 03/25/2024 (MT Newswires) -- Health care stocks were easing Monday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) each shedding 0.2%.

The iShares Biotechnology ETF (IBB) decreased 0.2%.

In corporate news, Masimo's ( MASI ) shares spiked 3.8% after an activist investor sought to add two more candidates to the health technology company's board, while the company disclosed plans to potentially spin off its consumer business.