Multivitamins Show No Link To 'Lower Risk of Death,' Study Finds
Portfolio Pulse from Michael Juliano
A study published in JAMA Network Open found no link between regular multivitamin use and a lower risk of death. The study tracked nearly 400,000 healthy adults for over 20 years. Despite the findings, health and wellness companies saw varied market reactions.
June 27, 2024 | 8:01 pm
News sentiment analysis
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NEGATIVE IMPACT
Herbalife Ltd. experienced a 1.03% decline in stock price following the study's publication.
The negative price action indicates that investors may be concerned about the potential impact of the study's findings on Herbalife's business.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Invesco Food & Beverage ETF declined 0.68% following the study's publication.
The decline suggests a minor negative impact from the study's findings on the ETF's performance.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 30
NEUTRAL IMPACT
VegTech Plant-based Innovation & Climate ETF remained unchanged following the study's publication.
The unchanged price suggests that the study's findings had no significant impact on the ETF's performance.
CONFIDENCE 70
IMPORTANCE 20
RELEVANCE 20
NEUTRAL IMPACT
Invesco S&P SmallCap Consumer Staples ETF slipped 0.09% following the study's publication.
The slight decline suggests a minor impact from the study's findings on the ETF's performance.
CONFIDENCE 70
IMPORTANCE 30
RELEVANCE 30
POSITIVE IMPACT
BellRing Brands, Inc. saw a 1.08% increase in stock price despite the study's findings on multivitamins.
The positive price action suggests that investors are not significantly concerned about the study's findings impacting BellRing Brands' business.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
USANA Health Sciences, Inc. saw a 1% increase in stock price despite the study's findings.
The positive price action suggests that investors are not significantly concerned about the study's findings impacting USANA's business.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50