08:56 AM EST, 11/15/2024 (MT Newswires) -- Health care stocks were lower premarket Friday with the Health Care Select Sector SPDR Fund (XLV) down 0.3%, and the iShares Biotechnology ETF (IBB) recently down 0.1%.

Alignment Healthcare ( ALHC ) shares fell past 14% after the company announced privately negotiated subscription deals with certain investors to issue $330 million of 4.25% convertible senior unsecured notes due Nov. 15, 2029.