Sector Update: Healthcare

By
A A A

Healthcare stocks are higher with the NYSE Healthcare Sector Index rising 0.8% and shares of healthcare companies in the S&P 500 are ahead 1.0% as a group.

In company news, Rochester Medical ( ROCM ) today raced to its best share price in nearly six years at $19.97 after the medical device company agreed to be bought out by C.R. Bard ( BCR ) for $262 million.

The $20-per-share offer marked a 45% premium over ROCM's closing price Tuesday.


In other sector news,

(+) SRDX, Cuts seven employees, or about 6% of its current workforce as part of company-wide realignment. Drug-eluding technology firm expects to take a one-time, pre-tax charge of $0.02 per share against it Q4 earnings.

(-) VVUS, JMP Securities drops stock to Market Perform from Outperform, citing possible problems stemming from Anthony Zook stepping down as CEO of the drug-maker just weeks after being hired due to health problems.



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: BCR , ROCM

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

33,110,376
  • $113.99 ▲ 1.77%
25,034,179
    $17.98 unch
24,486,872
  • $7.41 ▲ 2.07%
20,864,535
  • $7.39 ▼ 2.76%
18,600,501
  • $8.30 ▼ 0.36%
17,530,211
  • $8.14 ▲ 3.17%
17,299,208
  • $93.79 ▲ 2.74%
14,669,760
  • $25.78 ▼ 0.19%
As of 12/26/2014, 04:15 PM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com