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 showed significant movement. Gainers included IGC Pharma, Establishment Labs Holdings, Voyager Therapeutics, Natera, MiMedx Group, and Lexaria Bioscience, with increases ranging from 9.01% to 14.6%. Losers were Butterfly Network, Ampio Pharmaceuticals, ClearPoint Neuro, Schrodinger, GlucoTrack, and SILO Pharma, with decreases ranging from 7.41% to 16.9%. Notably, many companies reported their Q4 earnings, influencing these movements.
February 28, 2024 | 9:31 pm
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NEGATIVE IMPACT
Butterfly Network's shares fell 16.9% to $1.23, with a market cap of $254.7 million, following their Q4 earnings announcement.
The decline in BFLY's stock price is likely due to a negative market reaction to their Q4 earnings, suggesting the financial results did not meet investor expectations.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 95
POSITIVE IMPACT
Establishment Labs Holdings rose 14.43% to $44.01, with a market cap of $1.1 billion following their Q4 earnings release.
The rise in ESTA's stock price is directly linked to their Q4 earnings release, indicating a positive investor response to the financial results.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 95
POSITIVE IMPACT
IGC Pharma saw a 14.6% increase to $0.4, with a market value of $25.4 million.
The significant increase in IGC Pharma's stock price could be attributed to positive market reactions, potentially due to their Q4 earnings or other positive news not specified.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90