12 Health Care Stocks Moving In Wednesday's Pre-Market Session
Portfolio Pulse from Benzinga Insights
The article highlights significant pre-market movements in health care stocks on Wednesday. Notable gainers include Reshape Lifesciences (RSLS), Scorpius Holdings (SCPX), Genetic Technologies (GENE), Surmodics (SRDX), Ikena Oncology (IKNA), and Kineta (KA). On the losing side, Cue Health (HLTH), Sharps Technology (STSS), Biohaven (BHVN), Exicure (XCUR), Innovative Eyewear (LUCY), and OneMedNet (ONMD) saw declines.
May 29, 2024 | 12:06 pm
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NEGATIVE IMPACT
Biohaven shares decreased by 26.2% to $28.0, reducing its market value to $2.4 billion.
The decline in BHVN shares indicates negative investor sentiment, likely leading to further short-term price declines.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Cue Health shares dropped by 40.6% to $0.05, significantly reducing its market value.
The substantial decrease in HLTH shares indicates negative investor sentiment, likely leading to further short-term price declines.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Innovative Eyewear shares decreased by 17.08% to $0.34, reducing its market cap to $5.9 million.
The decline in LUCY shares indicates negative investor sentiment, likely leading to further short-term price declines.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
OneMedNet stock declined by 12.94% to $1.75, reducing its market cap to $41.7 million.
The drop in ONMD shares suggests negative market sentiment, likely leading to further short-term price declines.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Sharps Technology stock declined by 36.44% to $0.33, reducing its market value to $5.1 million.
The significant drop in STSS shares suggests negative market sentiment, likely leading to further short-term price declines.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Exicure stock decreased by 21.99% to $0.28, reducing its market value to $2.4 million.
The significant drop in XCUR shares suggests negative market sentiment, likely leading to further short-term price declines.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Genetic Technologies stock increased by 34.88% to $2.9, boosting its market cap to $9.3 million.
The significant rise in GENE shares suggests strong market confidence, likely leading to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Ikena Oncology stock increased by 17.33% to $1.56, raising its market value to $75.3 million.
The increase in IKNA shares suggests strong investor interest, likely leading to a short-term price increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Kineta stock rose by 17.27% to $0.55, boosting its market value to $6.7 million.
The rise in KA shares indicates positive market sentiment, likely driving the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Reshape Lifesciences shares surged by 82.9% to $0.38 in pre-market trading, significantly increasing its market value.
The substantial increase in RSLS shares indicates strong investor interest, likely driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Scorpius Holdings shares rose by 39.58% to $0.16 following the release of their Q1 earnings.
The positive movement in SCPX shares is likely due to favorable Q1 earnings, suggesting a short-term price increase.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Surmodics stock rose by 17.92% to $41.39, increasing its market value to $590.2 million.
The rise in SRDX shares indicates positive investor sentiment, likely driving the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100