Sector Update: Health Care Stocks Mixed This Afternoon; Minerva Neurosciences Climbing As Jefferies, Baird Begin Coverage with High Marks

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Top Healthcare Stocks

JNJ 0.00%

PFE -0.60%


ABT -0.49%

MRK -0.10%

AMGN -0.47%

Health care stocks were mixed in mid-day trade, with the NYSE Health Care Sector Index declining about 0.2% while shares of healthcare companies in the S&P 500 were ahead less than 0.1% as a group.

In company news, Minerva Neurosciences Inc. ( NERV ) jumped in value Monday after analysts at Jefferies and Robert W. Baird began coverage of the biotech company working to develop treatments for various central nervous system disease with positive investment ratings.

Jefferies began NERV with a Buy rating while Baird initiated coverage with at Outperform.

NERV shares were up more than 8% at $7.34 apiece in recent trade, matching its a session high.

In other sector news,

(+) CCM, (+4.9%) Declares special dividend of $0.30 per share, payable Sept. 30 to shareholders of record on Aug. 8.

(-) ACRX, (-42.2%) Receives Complete Response Letter from the FDA seeking additional information about its Zalviso pain-management system for post-operative patients. The company expects to resubmit its New Drug Application by the end of the year.



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: NERV

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