12 Health Care Stocks Moving In Monday's Intraday Session
Portfolio Pulse from Benzinga Insights
During Monday's intraday session, several healthcare stocks experienced significant movements. Tenax Therapeutics (TENX) saw a massive surge of 322.1%, while Tivic Health Systems (TIVC) and ZyVersa Therapeutics (ZVSA) also posted substantial gains. On the downside, TC BioPharm (TCBP), Aclaris Therapeutics (ACRS), and Mainz Biomed (MYNZ) faced steep declines. Verve Therapeutics (VERV), TRACON Pharma (TCON), and Alector (ALEC) also dropped notably, with recent Q3 earnings reports potentially influencing their stock performance.
November 13, 2023 | 5:31 pm
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NEGATIVE IMPACT
Aclaris Therapeutics stock fell sharply by 86.94%, with trading volumes spiking.
The severe decline in stock price, coupled with high trading volume, suggests a strong negative market reaction that could continue short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Alector shares saw a 17.11% decrease, possibly related to its Q3 earnings released four days ago.
The post-earnings drop indicates that the market may have had negative perceptions of the company's quarterly performance, impacting the stock short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Mainz Biomed's stock experienced a 45.99% drop, trading at much higher than average volume.
The substantial decrease in price, along with a spike in trading volume, indicates negative investor sentiment that may persist in the short term.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
TC BioPharm shares plummeted by 90.0%, possibly in reaction to recent market events or company-specific news.
A drop of this magnitude typically indicates extremely negative sentiment or reactions to adverse events, likely to impact the stock in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
TRACON Pharma shares fell by 22.5% following its Q3 earnings report two days ago.
The decline in stock price post-earnings suggests a negative market reaction to the company's financial performance, likely affecting the stock in the short term.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Verve Therapeutics stock decreased by 39.72%, potentially influenced by its recent Q3 earnings report.
Stock price decline following an earnings report often reflects market dissatisfaction with the results, which could affect the stock short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Tenax Therapeutics stock soared by 322.1% with a trading volume surge, indicating a strong investor interest.
The extraordinary volume increase and price surge suggest a highly positive market reaction, likely to continue in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Tivic Health Systems shares jumped 64.7%, trading at volumes significantly higher than average.
The substantial price increase and trading volume suggest positive investor sentiment that could persist in the short term.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
ZyVersa Therapeutics's shares increased by 24.88%, with a notable rise in trading volume.
The significant uptick in price and volume indicates a positive trend that may be sustainable in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80