Health Care Sector Update for 01/11/2019: APHA, TLRY, ADXS

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Top Health Care Stocks

JNJ -0.84%

PFE +0.45%

ABT -0.44%

MRK +0.16%

AMGN -1.84%

Health care stocks were slightly lower, including a nearly 0.2% decline for the NYSE Health Care Index in recent trade. Shares of health care companies in the S&P 500 also were down about 0.3% as a group, while the Nasdaq Biotechnology index was falling 0.3%.

Among health care stocks moving on news:

(+) Aphria ( APHA ) was nearly 5% higher this afternoon after posting fiscal Q2 net income of $0.22 per share during the three months ended Nov. 30, up from a $0.05 per share profit during the same period last year ago and smoking the Capital IQ consensus expecting a $0.04 per share net loss for the quarter. The Canadian cannabis company's shares were also climbing Friday amid renewed takeover speculation.

In other sector news:

(+) Tilray ( TLRY ) was riding high on Friday, climbing almost 23% in recent trading, after the cannabis company said its controlling investor, Privateer, has "strongly" asserted that it has no plans to register, sell or distribute any of its 75 million Tilray shares when the company's post-IPO "lock-up" expires next week.

(-) Advaxis ( ADXS ) was down 14% in afternoon trade after the early-stage biotechnology company reported a FY18 net loss of $1.29 per share, improving on a $2.31 per share net loss during the previous fiscal year but still falling shy of the Capital IQ consensus call expecting a net loss last year of $1.01 per share, if comparable.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , US Markets
Referenced Symbols: APHA , TLRY , ADXS

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