Healthcare Stocks Climbing; Oramed Pharma Slides More Than 20% After Buying Back Shares at Steep Discount

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Top Healthcare Stocks

JNJ +0.20%

PFE +0.68%

ABT +0.39%

MRK +0.51%

AMGN +1.66%

Healthcare stocks are higher, with the NYSE Healthcare Sector Index rising 0.5% and shares of healthcare companies in the S&P 500 climbing 0.5% as a group.

In company news, Oramed Pharmaceuticals Inc. ( ORMP ) was down sharply, falling nearly 21% in recent trade to $11.89 a share after entering into definitive agreements with certain investors to buy 1.58 million shares of common stock at $10.00 apiece in a registered direct offering.

In other sector news,

(+) HITK, (+0.1%) Agrees to $25 mln settlement with State of Texas over product prices. Amount had previously been set aside.

(-) CSU, (-1.6%) Completes acquisition of four senior living communities in two transactions for a combined $64.9 mln. Issues $49.3 mln of non-recourse, 5.56% fixed-rate debt due 2023 to finance transaction.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: ORMP

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