Markets

Sector Update: Healthcare

Healthcare stocks are mixed with the NYSE Healthcare Sector Index gaining about 0.1% while shares of healthcare companies in the S&P 500 currently are down 0.4% as a group.

In company news, Dynatronics Corp. ( DYNT ) is up nearly 129% at $6.63 a share, earlier streaking to a new 52-week high of $7.89 in a second day of gains after the medical device company yesterday introduced four new electrotherapy and ultrasound therapy products.

DYNT rose 20% during Monday's session, closing at $2.90 a share after announcing the debut of the new Series 25 product line. It also said additional product launches are soon planned, with one particularly innovative device recently passing its proof of concept stage and is now being prepped introduction later this Fall.

Said CEO Larry Beardall: "One of the new products being developed will be among the most innovative products introduced in our market in the past decade."

Today's advance also is being helped by DYNT's small float, with only 1.66 million of its 2.52 million shares overall not held by insiders and are normally free to trade. Volume today is booming, with over 2.1 million shares changing hands so far today - or more than 400 times its three-month average daily volume of 5,191 shares.

In other sector news,

(+) CLRX, (+25.6%) Medical data-analytics firm apparently benefitting from a spate of recent media attention, including reports this week by NBC News and Forbes magazine featuring the company's tools now being used in cancer research and drug development.

(-) MDSO, (-5.0%) Announces plans for $200-million private placement of convertible senior notes due 2018.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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

In This Story

DYNT

Other Topics

Commodities

Latest Markets Videos