Sector Update: Health Care

Last Updated: Friday, May 20, 2022 3:51 PM | MT Newswires

Health care stocks were broadly higher this afternoon, with the NYSE Health Care Index rising 0.2% and the SPDR Health Care Select Sector ETF (XLV) up 1.0%. The Nasdaq Biotechnology index was climbing 0.5%. In company news, Evofem Biosciences (EVFM) plunged over 63% on Friday, sinking to a record low of $0.42 per share, after the biopharmaceuticals a $26.6 million private placement of 35.5 million common shares and pre-funded warrants at $0.75 apiece, or 31.8% under Thursday's closing price.

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