Sector Update: Health Care

Last Updated: Monday, May 16, 2022 3:48 PM | MT Newswires

Health care stocks found additional support this afternoon, with the NYSE Health Care Index rising 0.9% and the SPDR Health Care Select Sector ETF (XLV) up 0.7%. The Nasdaq Biotechnology index was climbing 0.5%. In company news, Predictive Oncology (POAI) was plunging over 43% this afternoon, earlier slipping more than 45% to a new all-time low of $0.38 a share, after the precision medicine company disclosed plans to raise $7.2 million through a pair of concurrent direct offerings of 12 million shares in total priced at $0.60 apiece, or 14% under Friday's closing price.

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