01:47 PM EDT, 10/24/2024 (MT Newswires) -- Health care stocks were declining Thursday afternoon, with the NYSE Health Care Index down 0.5% and the Health Care Select Sector SPDR Fund (XLV) decreasing 0.3%.

The iShares Biotechnology ETF (IBB) shed 0.3%.

In corporate news, Molina Healthcare ( MOH ) shares jumped 20% after the company reported Q3 adjusted earnings and revenue that beat market expectations.

Viking Therapeutics ( VKTX ) shares were up 21% in recent trading, a day after the company reported a narrower-than-expected Q3 loss.

West Pharmaceutical Services ( WST ) shares popped over 17% after the company posted Q3 results that topped analyst estimates and raised its 2024 adjusted EPS guidance.