Sector Update: Health Care Stocks Decline Thursday Afternoon

MT Newswires Live

2024-10-25

Health care stocks were declining Thursday afternoon, with the NYSE Health Care Index down 0.5% and the Health Care Select Sector SPDR Fund (XLV) decreasing 0.3%.

The iShares Biotechnology ETF (IBB) shed 0.3%.

In corporate news, Molina Healthcare (MOH) shares jumped 20% after the company reported Q3 adjusted earnings and revenue that beat market expectations.

Viking Therapeutics (VKTX) shares were up 21% in recent trading, a day after the company reported a narrower-than-expected Q3 loss.

West Pharmaceutical Services (WST) shares popped over 17% after the company posted Q3 results that topped analyst estimates and raised its 2024 adjusted EPS guidance.

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