During trading today, both the Health Care sector (XLV) and the S&P500 showed little movement.
Although it went in the opposite direction of the market today, the ETF tracked closer to the overall market today than over the past month. At the start of trading today, XLV was up 1.2% over the last thirty trading days while the S&P 500 was down 0.9%.
Rockwell Medical Technologies (RMTI) rose 7.2% to close at $9.11, cross its 50-day moving average of $8.90 and 200-day moving average of $9.07.
Teva Pharmaceutical Industries (TEVA) rose 4.5% to close at $39.72, approaching its 50-day moving average of $39.73. It has also moved closer to its 200-day moving average of $42.32. Vertex Pharmaceuticals Incorporated (BMY) fell 3.6% to close at $58.43, moving closer to its 50-day moving average of $56.93. Also, the stock moved closer to its 200-day moving average of $33.22.
Alimera (ALIM) was a significant gainer in the sector, rising 15.9%. The stock closed at $3.21 with 250,116 shares moving. The stock traded in a range of $2.75 to $3.23. Shares have been on on the rise over the past month, climbing 58 cents (22.1%) from a price of $2.63 on May 24, 2012.
Impax Laboratories (IPXL) was a major loser in the sector. Its price dropped 11.6% (-$2.65) to close at $20.20, as 1.8 million shares moved. The stock traded in a range of $20.07 to $21.74. The stock has been sinking in the last two months, down $4.51 (-18.3%) from a price of $24.71 on April 26, 2012.
Pharmacyclics (PCYC) hit a new 52-week high today, reaching $51.63 to top the previous high of $48.57.
Shire Plc. (SHPGY) hit a new 52-week low today, hitting $80.09 to fall below the previous low of $82.11.