12 Health Care Stocks Moving In Wednesday's After-Market Session
Portfolio Pulse from Benzinga Insights
In Wednesday's after-market session, several healthcare stocks experienced significant movements. Portage Biotech (PRTG) led the gainers with a 20.6% increase, while Biora Therapeutics (BIOR) headed the losers with an 11.5% decline. Other notable gainers included BIMI Intl Medical (BIMI), Molecular Partners (MOLN), Nemaura Medical (NMRD), Bright Green (BGXX), and Celularity (CELU). On the losing side were ABVC BioPharma (ABVC), ENDRA Life Sciences (NDRA), Akanda (AKAN), Ocean Biomedical (OCEA), and Shuttle Pharmaceuticals (SHPH).
January 03, 2024 | 9:31 pm
News sentiment analysis
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NEGATIVE IMPACT
ABVC BioPharma shares declined by 8.3% to $1.77, with a market cap of $13.7 million.
The decline in ABVC's stock price suggests negative investor sentiment, which may lead to a short-term downtrend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Akanda shares fell by 6.44% to $0.47, with a market cap of $1.8 million.
AKAN's decline in the after-market session may indicate investor concerns, which could negatively affect the stock's short-term performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Biora Therapeutics shares declined by 11.5% in after-market trading, with a market cap of $31.5 million.
The after-market decline for BIOR indicates negative investor sentiment or unfavorable news, which is likely to result in a short-term downward trend in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
ENDRA Life Sciences shares fell by 7.86% to $1.29, with a market cap of $10.9 million.
The after-market drop for NDRA could be a sign of bearish sentiment among investors, potentially leading to further declines in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ocean Biomedical shares fell by 6.11% to $0.64, with a market cap of $21.8 million.
OCEA's after-market decline suggests that the stock may face short-term selling pressure due to negative sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Shuttle Pharmaceuticals shares decreased by 5.67% to $0.5, with a market cap of $7.9 million.
The decrease in SHPH's stock price after hours may lead to a negative short-term outlook if the bearish sentiment continues.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Bright Green stock increased by 8.62% to $0.3, with a market cap of $55.5 million.
The after-market gain for BGXX may reflect investor optimism, potentially leading to continued short-term growth in the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
BIMI Intl Medical stock rose by 9.62% to $2.05, with a market cap of $23.7 million.
The rise in BIMI's stock price suggests a positive investor response, which may continue to drive the stock upward in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Celularity shares increased by 6.04% to $0.3, with a market cap of $56.9 million.
CELU's rise in after-market trading could suggest a bullish short-term outlook based on current investor sentiment.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Molecular Partners shares increased by 9.6% to $5.48, with a market cap of $180.0 million.
MOLN's after-market increase is indicative of positive market sentiment, which could lead to further short-term appreciation in stock value.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Nemaura Medical shares rose by 9.28% to $0.14, with a market cap of $4.0 million.
The increase in NMRD's stock price after hours could be a sign of investor confidence, possibly leading to a short-term positive trend.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Portage Biotech shares surged by 20.6% in after-market trading, with a market cap of $33.6 million.
The significant after-market gain for PRTG suggests positive investor sentiment or reaction to company-specific news, which could lead to a short-term uptrend in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90