Top Healthcare Stocks
Healthcare stocks were higher this afternoon with the NYSE
Healthcare Sector Index up 0.9% and shares of healthcare companies
in the S&P 500 adding 1.4% as a group.
In company news, shares of biopharmaceutical company Sage
) soared more than 60% on its market debut Friday.
The company had priced 5 million shares at $18 a share, at the
upper end of the expected range of $17 to $18, MarketWatch noted
citing IPO Boutique.
With more than 3 million shares changing hands, SA
recently traded at $30.02, up almost 67%.
In other sector news,
(+) GTIV, Said an unidentified suitor was offering $17.25 per
share, topping a hostile $16.00-per-share bid by Kindred Healthcare
- who GTIV already has twice rebuffed.
(-) CPHD, Projected FY14 earnings lag Street view by at least
$0.07 per share. Revenue guidance matches estimates. Q2 EPS of
$0.03 tops Capital IQ consenus by $0.02 per share. Revenue rises
21.4% to $116.5 mln, beats by $1.03 mln.
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