On a trading day that saw the S&P 500 gain 0.3%, the Health Care sector (XLV) showed little change.
The ETF, as a proxy for the sector, tracked closer to the overall market today than over the past month. As trading began today, XLV was up 2.9% over the last thirty trading days, and the S&P 500 climbed 1.5%.
LabCorp (LH) fell 5.9% to close at $88.12, crossing its 50-day moving average of $89.69. Meanwhile, OncoGenex Pharmaceuticals (OGXI) climbed 193.8% to close at $14.69, moving past its 200-day moving average of $13.21.
St Jude Medical (STJ) rose 1.7% to close at $38.38, approaching its 50-day moving average of $38.41. It has also moved closer to its 200-day moving average of $39.22. Akorn (LPNT) fell 4.5% to close at $15.29, moving closer to its 50-day moving average of $15.26. Also, the stock moved closer to its 200-day moving average of $38.45.
Increasing 12.4% (+$5.80) to close at $52.56, Magellan Health Services (MGLN) was a major gainer in the sector. Today, three million shares traded hands. The stock traded in a range of $46.15 to $54. Share price is up $10.11 (23.8%) from $42.45 on June 19, 2012.
VIVUS (VVUS) was a major loser in the sector, falling 11.1% (-$3.23) to close at $25.77 with 21.7 million shares moving. The stock traded in a range of $25.15 to $29.15. Share price is up, having risen $1.14 (4.2%) from $26.91 on June 19, 2012.
Amarin Corporation plc (AMRN) hit a new 52-week high today, reaching $15.96 to top the previous high of $15.60.