Value of Greenfield-based Health Care company Elanco Animal Health Inc. (ELAN:NYQ) rose 35,616,600% in week ending Dec. 3, 2022

Public Policy
Stock market 15 edited

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

Value in Health Care stocks rose 8.7 percent in the week ending Dec. 3, 2022 from the previous week.

The strongest performing Health Care company in Indiana was Elanco Animal Health Inc. (ELAN:NYQ), sitting 35,616,640.1 percent higher to sell at $13.2.

POINT Biopharma Global Inc. (PNT:NAQ) experienced the smallest increase in share price among Indiana companies, rising 54.2 percent to sell at $6.75.

Among Greenfield companies, Elanco Animal Health Inc. (ELAN:NYQ) saw the highest rise in value of 35,616,600 percent in the week ending Dec. 3, 2022.

The Consumer Staples sector was the week’s best-performing sector on the market. The market is divided into 10 different sectors.

Telecommunications 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 in week ending Dec. 3, 2022

Sector% ChangeHighest Positive ChangeLargest Negative Change
Consumer Staples91.6%406,692,207.7%-100.0%
Health Care8.7%60,103,260.4%-100.0%
Basic Materials4.1%73,152,110.2%-99.0%
Technology1.1%440,623,716%-99.3%
Industrials1%217,202,418%-100.0%
Financials0.6%236,111,466.9%-100.0%
Consumer Discretionary-0.1%102,544,444.9%-100.0%
Utilities-1.9%20,455,751.3%-96.2%
Energy-1.9%126,393,321%-100.0%
Telecommunications-6.5%92,545,766.8%-99.1%

ORGANIZATIONS IN THIS STORY

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a message

Community Newsmaker

Know of a story that needs to be covered? Pitch your story to The Business Daily.
Community Newsmaker

MORE NEWS