During trading today, the Health Care sector (XLV) showed little change while the S&P 500 fell 0.4%.
Although down today, the ETF, as a as a proxy for sector performance, tracked closer to the overall market than over the past week. Going into trading today, XLV was down 1.6% over the last seven trading days while the S&P 500 was down 3%.
Emergent Biosolutions (EBS) rose 5% to close at $15.18, cross its 50-day moving average of $14.80 and 200-day moving average of $16.23. MAKO Surgical (MAKO) declined 36.5% to close at $26.27, moving below its 50-day moving average of $41.11 and 200-day moving average of $36.46.
United Therapeutics Corporation (UTHR) rose 1.4% to close at $43.11, approaching its 50-day moving average of $44.35. It has also moved closer to its 200-day moving average of $45.12. Luxottica Group SpA (PRGO) fell 4.8% to close at $35.63, moving closer to its 50-day moving average of $35.57. Also, the stock moved closer to its 200-day moving average of $99.27.
Insmed Incorporated (INSM) was a major loser in the sector, falling 15.1% (-62 cents) to close at $3.48 with 663,055 shares moving. The stock traded between $3.40 and $4.13. The stock is down over the last three months, having fallen $1.52 (-30.4%) from $5 on February 9, 2012.
Vertex Pharmaceuticals Incorporated (VRTX) was a major gainer in the sector, rising 10.4% (+$6.04) to close at $64.16 with 16 million shares moving. The stock traded in a range of $57.56 to $64.50.