Sector Update: Biotechs Up Almost 1%, Adding To NASDAQ's Gain

By
A A A
Share |

Biotech stocks (SPSIBI) are attracting buyers again today, up 0.8% as a sector and lending good support to the NASDAQ's half percent gain. The biotech group has shown strength in the past six trading days, likely as investors seek aggressive growth opportunities.

Among the biotech stocks seeing the biggest gains today are ACADIA Pharmaceuticals ( ACAD ) and Avanir Pharmaceuticals ( AVNR ) both up near 4%. It was noted today that ACAD and ANVR will make presentations at two healthcare conferences in the next two weeks.

Also, Chimerix ( CMRX ) is up 3.6% as a SeekingAlpha article cites the company as a "significant player" in the antiviral therapeutics market. And, XenoPort ( XNPT ) is up near 2%.



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.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: ACAD , AVNR , CMRX , XNPT

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

132,019,746
  • $16.39 ▲ 2.44%
106,930,017
  • $59.09 ▲ 0.34%
91,643,760
  • $3.09 ▼ 1.12%
79,029,415
  • $85.02 ▲ 0.29%
46,131,885
  • $40.18 ▲ 3.74%
42,395,508
  • $7.06 ▼ 0.56%
40,101,748
  • $26.76 ▲ 0.75%
39,547,363
  • $13.33 ▼ 3.96%
As of 4/15/2014, 04:02 PM