12 Health Care Stocks Moving In Friday's Intraday Session
Portfolio Pulse from Benzinga Insights
In Friday's intraday session, several healthcare stocks experienced significant movements. Intelligent Bio Solutions (INBS) saw a notable increase of 108.5%, while Atara Biotherapeutics (ATRA) rose by 51.8%. On the downside, Cingulate (CING) dropped by 52.1%, and Biofrontera (BFRI) fell by 35.59%. These movements reflect the volatile nature of healthcare stocks in the market.
February 02, 2024 | 5:31 pm
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POSITIVE IMPACT
Atara Biotherapeutics stock increased by 51.8% to $1.26, with a market value of $128.4 million.
The substantial rise in ATRA's stock price indicates strong investor interest, possibly due to positive developments within the company. This increase could lead to heightened trading activity and further price movements in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Intelligent Bio Solutions shares surged 108.5% to $5.03, with a market cap of $3.6 million.
The significant surge in INBS shares likely reflects positive investor sentiment or potentially favorable news related to the company. Such a sharp increase can attract more attention to the stock, potentially leading to short-term price volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Biofrontera stock decreased by 35.59% to $0.86, with a market cap of $1.4 million.
The decline in BFRI's stock price suggests adverse developments or investor sentiment. This drop could lead to further selling and volatility, impacting the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 100
NEGATIVE IMPACT
Cingulate stock decreased by 52.1% to $1.61, with a market cap of $2.3 million.
Cingulate's significant stock price drop could be indicative of negative news or investor sentiment surrounding the company. Such a decline often leads to increased selling pressure and could further depress the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100