Wednesday, June 25, 2014

High demand on healthcare materials ensures good stock performance


The industry related to health care is of immense significance. It provides cure as well as preventive measures for all sorts of health hazards. The industry is no doubt the fastest developing industry in the world and contributes more than 10% to the GDP. Recent activities show the top companies under this category. Brands like WellPoint INC, Centene Corp., Health Net Inc., Humana Inc., Aetna Inc., and Cigna Corp. Etc. rank among the best. Most of them are assigned an A rating. NYSE recorded a fall of 0.1% on healthcare industry. S&P 500 indicates a dip of 0.2% on the same.  The company Health Net recorded $36.89, after almost six years. The company Alexion pharmaceuticals have turned a few heads with a $1.53 per share value. This is being considered as the result of a drug named soliris, which helps in curing disorders related to blood. Things don’t look good for AstraZeneca as they stumble to $1.17 per share and are finding it tough to stabilize matters. A fragile trend is expected for a couple of years at least. Celgene shares are going at $1.65 and things might get interesting after they launch Abraxane as well as Revlimid. These are medications for cancer and are gaining huge popularity. Moreover CIGNA stock price recorded as $90.28 and Novartis stocks gained 0.64 points and are valued at $88.31. Apart from stiff competition the healthcare industry works well and investor has good option in such industry for better profitability.

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