Top Healthcare Stocks
Healthcare stocks were mostly higher just ahead of the closing
bell, with the NYSE Healthcare Sector Index climbing nearly 2.0%
and shares of healthcare companies in the S&P 500 also gaining
2.0% as a group.
In company news, WebMD Health Corp. (
) fell Tuesday after the online provider of health information
services was hit with a downgrade to Hold from Buy by analysts at
Stifel Nicolaus, citing declines in several of its advertising
In particular, Stifel said its ad tracker showed reduced
utilization at the company for the first time since the first three
months of 2012. Analyst Steve Rubis wrote in a new research note
today that while he believe there are several catalysts that could
propel WBMD growth this year, "we believe shares will remain weak
as long as negative ad trends persist."
Price target information was not available.
WBMD shares were down 3.1% in late Tuesday trading, sliding as
low as $41.24 during today's session. The stock has a 52-week range
of $22.23 to $51.41 a share.
In other sector news,
(+) DVAX, Receiving $5.4 mln milestone payment from AstraZeneca
), which will now assume responsibility for future clinical
development of the companies' investigational TLR-9 agonist for
(-) PDLI, Reports Q4 earnings of $0.39 per share, missing
Capital IQ consensus by $0.06. Revenue climbs 28.0% year over year
to $110.1 mln, trailing Street view by around $5.12 mln. Will issue
Q1 revenue guidance later this month.