Health Care Sector Update for 12/07/2018: CRON, VIVE, MO, FMS, JNJ, PFE, MRK, ABT, AMGN

Shutterstock photo

Top Health Care Stocks:

JNJ: -0.35%

PFE: -0.82%

ABT: Flat

MRK: +0.50%

AMGN: -0.48%

Pre-bell Friday saw flat to lower health care stocks.

Early movers include:

(+) Cronos Group ( CRON ), which was surging by more than 32% after Altria Group ( MO ) agreed to acquire newly issued shares in the Canadian-based cannabis producer. The transaction represents a 45% equity stake in Cronos Group, at a price of CAD16.25 per share, for an aggregate investment of approximately CAD2.4 billion ($1.8 billion).

(-) Viveve Medical ( VIVE ) was falling by more than 24% after the medical technology company priced its underwritten public offering of 13.3 million shares for total gross proceeds of $20 million.

(-) Fresenius Medical Care ( FMS ) was down more than 8% as it released preliminary 2019 guidance that prompted a 9% drop in the German health-care company’s American depositary shares in Friday’s pre-market session, but Berenberg said the guidance requires some interpretation and ultimately is in line with the firm’s thinking.

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 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.

Wealth Empire Newsletter
Register now for free updates and alerts

Subscribe By

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.