Health Care Sector Update for 11/30/2018: SRRA,SNDX,MRTX
Top Health Care Stocks
Health care stocks were mixed to unchanged in Friday’s early market.
Among health care stocks moving on news:
(-) Laboratory Corp. of America Holdings ( LH ) declined over 5% in pre-market trading after Friday cutting its FY18 earnings outlook, citing lower-than-expected volume growth for its LabCorp Diagnostics unit. The company is now expecting non-GAAP net income in a range of $10.95 to $11.05 per share, down from its prior range expecting between $11.25 to $11.45 per share and trailing the Capital IQ consensus by at least $0.30 per share.
In other sector news:
(+) Sierra Oncology ( SRRA ) saw upside pre-market, up 9% at one point, after reporting positive preclinical data for its SRA737 drug candidate and saying the novel oral Chk1 inhibitor showed significant anti-tumor activity for small-cell lung cancer.
(=) Syndax Pharmaceuticals ( SNDX ) was flat pre-market after 683 Capital Management late Thursday disclosed owning 1.245 million Syndax shares, equal to a 5.0% stake in the biotechnology company.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
Zeen is a next generation WordPress theme. It’s powerful, beautifully designed and comes with everything you need to engage your visitors and increase conversions.
Go to Appearance > Customize > Subscribe Pop-up to set this up.
Wealth Empire Newsletter
Register now for free updates and alerts
Note: I have the ability to revoke this permission at any time and ask for the removal of my personal data collected by contacting us or simply clicking Unsubscribe.