Sector Update: Health Care Stocks Finishing On An Up Note; Sage Therapeutics Climbs Nearly 67% Post-IPO

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Top Healthcare Stocks

JNJ +1.35%

PFE +0.23%

ABT +1.50%

MRK +1.08%

AMGN +2.25%

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 Therapeutics ( 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 GE shares 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.



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: SAGE

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