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Health Care Sector Update for 11/09/2018: ACET, ACRX, NTRA, JNJ, PFE, ABT, MRK, AMGN


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Top Health Care Stocks:

JNJ: -0.17%

PFE: Flat

ABT: Flat

MRK: Flat

AMGN: -0.36%

Health care stocks were mostly flat in pre-market trading Friday.

Early movers include:

(-) Aceto ( ACET ), which was down by more 18% after the company said Q1 sales fell to $164.4 million from $185.3 million in the year-ago period and it swung to a net loss of $0.59 per share from a penny profit.

(-) AcelRx Pharmaceuticals ( ACRX ) was slumping by more than 16% after the company said it plans to sell stock in an underwritten public offering. AcelRx expects to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of common stock offered in the public offering.

(-) Natera ( NTRA ) was over 15% lower after reporting financial results for Q3, with a wider-than-expected loss and revenue that fell short of analysts' forecasts; it also provided revenue guidance for fiscal 2018 below Street estimates.

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: ACET , ACRX , NTRA , JNJ , PFE



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