Sector Update: Health Care Stocks Mixed Premarket Tuesday

MT Newswires Live01-07 22:08

Health care stocks were mixed premarket Tuesday with the Health Care Select Sector SPDR Fund (XLV) down 0.1% and the iShares Biotechnology ETF (IBB) recently up 0.2%.

Inari Medical (NARI) shares rallied past 21% after Stryker (SYK) said it signed a definitive agreement to acquire the company for a fully diluted equity value of about $4.9 billion.

CorMedix (CRMD) shares rose by more than 24% after the company reported preliminary Q4 net revenue of $31 million.

AbbVie (ABBV) shares were down 0.1% after the company said in a regulatory filing its Q4 earnings are expected to include acquired In-Process Research & Development and milestone expense of $1.57 billion on a pre-tax basis.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment