Sector Update: Health Care Stocks Mixed Pre-Bell Tuesday
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Health care stocks showed mixed performance in premarket trading on Tuesday. The State Street Health Care Select Sector SPDR ETF (XLV) rose by 0.6%, while the iShares Biotechnology ETF (IBB) fell by 0.01%. Novartis (NVS) shares dipped less than 1% after reporting lower Q1 earnings. Axogen (AXGN) saw a premarket increase of over 9% following a swing to Q1 adjusted earnings. Conversely, Zimmer Biomet (ZBH) dropped more than 6% despite reporting higher Q1 results and announcing the departure of its CFO.
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