Sector Update: Healthcare

Last Updated: Tuesday, November 29, 2022 3:53 PM | MT Newswires

Healthcare stocks were ending narrowly lower Tuesday afternoon, with the NYSE Health Care Index and the SPDR Health Care Select Sector ETF (XLV) both slipping 0.3%. The iShares Biotechnology ETF (IBB) also was dropping 0.6%.

In company news, CNS Pharmaceuticals (CNSP) slid almost 18% after completing a 1-for-30 reverse split of its common stock as part of efforts by the clinical-stage drug maker to boost its share price above the Nasdaq stock market's $1-per-share minimum price threshold.

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