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East Montgomery Times

Monday, December 23, 2024

Value of Audubon-based Health Care company Globus Medical Inc. (GMED:NYQ) fell 12.9% on Aug. 30

Stock market 17 edited

Value in Health Care stocks fell 10.5 percent on Aug. 30 from the previous day.

The strongest performing Health Care company in Pennsylvania was Amicus Therapeutics Inc. (FOLD:NMQ), sitting 5,755,878.6 percent higher to sell at $11.29.

Lannett Company Inc. (LCI:NYQ) fared the worst among Pennsylvania companies, suffering a 100 percent drop to $0.5.

Among Audubon companies, Globus Medical Inc. (GMED:NYQ) saw the biggest fall in value of 12.9 percent on Aug. 30.

The Basic Materials sector was the daily best-performing sector on the market.

Energy was the worst-performing sector.

Healthcare and technology stocks are viewed as the safest bets for long-term gains.

Besty Kuekcer with Benzinga.com said healthcare-related stocks, such as hospital conglomerates and insurance companies, have weathered numerous economic crises and still make a profit, suggesting that they are generally a stable investment.

While technology stocks can be more risky, given the boom-bust nature of new tech companies, Kuecker recommended a diverse portfolio of tech companies to strike it big when companies succeed or sell to other larger companies.

For short-term investments, Kuecker recommended “consumer discretionary” stocks, which are sensitive to economic changes but can rise greatly on the back of a strong economy.

Nothing in this article is to be assumed as financial advice.

Individual companies can have several different types of shares across many stock markets. It is possible for different types of shares to see different results on the market.

Rank of stock market sectors on Aug. 30

Sector% ChangeHighest Positive ChangeLargest Negative Change
Basic Materials11.7%6,523,971.5%-100%
Consumer Staples8.1%16,650,836.4%-100%
Real Estate7.6%14,324.6%-100%
Financials7.4%99,863,052.3%-100%
Consumer Discretionary1.8%45,258,057.2%-100%
Technology1.1%9,270,422.8%-100%
Utilities-3%2,928%-100%
Telecommunications-5.9%26,481.5%-100%
Industrials-8.4%24,509,801.1%-100%
Health Care-10.5%149,476,514.7%-100%
Energy-28.7%15,735,083.7%-100%

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