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Sector Update: Healthcare Stocks Extending Losses in Late Trade; Neogenomic Rises as Craig-Hallum Resumes Coverage

Top Healthcare Stocks

JNJ +0.83%

PFE 0.00%

ABT -0.76%

MRK -0.69%

AMGN -2.08%

Healthcare stocks were broadly lower today with the NYSE Healthcare Sector Index sinking about 0.6% and shares of healthcare companies in the S&P 500 retreating about 0.8% as a group.

In company news, Neogenomics Inc. ( NEO ) rose sharply Monday after analysts at Craig-Hallum resumed coverage of the diagnostics-laboratory company with a Buy rating and raising its price target for the stock by $3 to $8 a share.

NEO shares were up nearly 12% at $4.05 each, earlier climbing to a session high of $4.17 a share. The stock has a 52-week range of $2.05 to $4.69 each, rising almost 3% over the past 12 months.

In other sector news,

(+) GENE, Said revenue from its BREVAGen patient samples rebounded to levels at the end of 2013, with 1,096 samples received during the three months ended June 30, up 37% over the 800 samples collected during the previous quarter.

(-) HOLX, Cut to Neutral from Buy in a downgrade today at BTIG Research.

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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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