Quantcast

Novi Times

Sunday, December 29, 2024

Value of Pharmaceuticals and Biotechnology company Ocuphire Pharma Inc. (OCUP:NAQ) based in Farmington Hills fell 63.3% in week ending Oct. 22

Stock market 14 edited

Value in Pharmaceuticals and Biotechnology stocks rose 1.2 percent in the week ending Oct. 22 from the previous week.

The strongest performing Pharmaceuticals and Biotechnology company in Michigan was ENDRA Life Sciences Inc. (NDRA:NAQ), sitting 15.9 percent higher to sell at $0.32.

Ocuphire Pharma Inc. (OCUP:NAQ) fared the worst among Michigan companies, suffering a 63.3 percent drop to $2.29.

The Travel and Leisure industry was the week’s best-performing industry on the market. The market is divided into 43 different industries.

Finance and Credit Services was the worst-performing industry.

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 industries in week ending Oct. 22

IndustryPercentage ChangeHighest Positive ChangeLargest Negative Change
Travel and Leisure14.3%4,762.3%-97.3%
Precious Metals and Mining13.6%129.8%-26.2%
Aerospace and Defense10.6%376.8%-92.3%
Industrial Metals and Mining8.8%243,308.9%-88.1%
Telecommunications Equipment8.6%992.3%-95.9%
Construction and Materials8.6%275.5%-94.7%
Alternative Energy7.8%623.3%-54.4%
Automobiles and Parts7.4%354.4%-66.9%
Oil, Gas and Coal7.2%6,667.9%-70.9%
Electronic and Electrical Equipment6.7%48,926.6%-95.8%
Chemicals5.8%4,649.9%-91.3%
Technology Hardware and Equipment5.3%764.2%-82.8%
Software and Computer Services5.2%3,903.1%-95.8%
Media4.7%96,970.4%-89%
Investment Banking and Brokerage Services4.6%500.4%-95.5%
Industrial Materials4.6%591.6%-49.8%
Personal Goods4.5%175.4%-99.6%
Beverages4.1%633.9%-79.9%
General Industrials4%599.3%-43.3%
Industrial Engineering3.9%496.7%-91.6%
Consumer Services3.9%1,501.7%-97.4%
Waste and Disposal Services3.9%56,969.1%-74%
Telecommunications Service Providers3.3%1,029.5%-73.3%
Industrial Support Services3.3%25,926.9%-98.5%
Life Insurance3%133.4%-77%
Real Estate Investment Trusts2.9%756.8%-81.3%
Gas, Water and Multi-utilities2.9%785.5%-65.6%
Mortgage Real Estate Investment Trusts2.2%247.3%-66.7%
Household Goods and Home Construction2.1%9,397.2%-56.9%
Electricity2.1%241.1%-50.4%
Health Care Providers1.4%1,081.1%-91.4%
Leisure Goods1.3%347.4%-82.7%
Pharmaceuticals and Biotechnology1.2%31,719.4%-98.1%
Retailers1.2%869.2%-97.7%
Medical Equipment and Services1.2%1,273.9%-98.8%
Closed End Investments0.9%51,875%-95.7%
Non-life Insurance0.5%250,265%-73.9%
Personal Care, Drug and Grocery Stores0.4%781.3%-84.2%
Real Estate Investment and Services0.3%17,056.5%-96.9%
Tobacco0.2%94.3%-73.8%
Banks-0.5%251,261.7%-99.5%
Industrial Transportation-0.9%3,721.5%-55.2%
Finance and Credit Services-1%135.3%-96.4%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS