02:03 PM EDT, 06/14/2024 (MT Newswires) -- Health care stocks eased Friday afternoon, with the NYSE Health Care Index and the Health Care Select Sector SPDR Fund (XLV) both shedding about 0.2%.

The iShares Biotechnology ETF (IBB) declined 0.8%.

In corporate news, FOXO Technologies ( FOXO ) shares jumped 20% after the company signed two share exchange agreements with Rennova Health.

RBC raised its price target on Amgen ( AMGN ) to $332 from $328 while keeping its outperform rating, pointing to "underappreciated revenue and share upside potential" at its cardiometabolic programs. Amgen ( AMGN ) shares were down 0.2%.

Gain Therapeutics ( GANX ) shares plunged 33% after it priced an underwritten public offering to raise about $11 million.