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Sector Update: Health Care Stocks Higher Late Afternoon

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Sector Update: Health Care Stocks Higher Late Afternoon

Sep 16, 2024 1:28 PM

03:59 PM EDT, 09/16/2024 (MT Newswires) -- Health care stocks rose late Monday afternoon, with the NYSE Health Care Index gaining 0.6% and the Health Care Select Sector SPDR Fund (XLV) up 0.7%.

The iShares Biotechnology ETF (IBB) added 0.4%.

In corporate news, Impact BioMedical ( IBO ) shares tumbled 9% after the company debuted on the NYSE American Market.

NuCana ( NCNA ) shares soared 155% after the company said Saturday that a combination of NUC-7738 and pembrolizumab led to prolonged progression-free survival in a phase 2 trial for patients with metastatic melanoma.

Bausch + Lomb ( BLCO ) shares jumped 15%. The company is exploring a potential sale as it navigates a separation from its debt-laden parent Bausch Health, the Financial Times reported.

Healthy Choice Wellness ( HCWC ) shares plunged 45% in recent trading following their debut on the NYSE American after the company priced its initial public offering of 400,000 shares at $10 per share.

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