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Pittsburgh Review

Saturday, November 23, 2024

Pittsburgh-based Health Care company Krystal Biotech Inc. (KRYS:NMQ) sees value fall 40.6% on Sept. 9

Stock market 10 edited

Value in Health Care stocks rose 1.7 percent on Sept. 9 from the previous day.

The strongest performing Health Care company in Pennsylvania was Ocugen Inc. (OCGN:NAQ), sitting 131,640.7 percent higher to sell at $2.48.

NeuBase Therapeutics Inc. (NBSE:NAQ) fared the worst among Pennsylvania companies, suffering a 46.9 percent drop to $0.5955.

Among Pittsburgh companies, Cognition Therapeutics Inc. (CGTX:NMQ) saw the highest rise in value of 19.9 percent on Sept. 9.

The Technology sector was the daily best-performing sector on the market.

Consumer Staples 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 on Sept. 9

Sector% ChangeHighest Positive ChangeLargest Negative Change
Technology3%1,219,249,144.7%-98.7%
Health Care1.7%111,590,744.6%-96.3%
Telecommunications1.7%243,653,800.7%-78.9%
Basic Materials0.9%6,516,962%-90.7%
Consumer Discretionary0.8%75,191,018%-87.5%
Real Estate-0.3%124,709,797.6%-94%
Energy-0.3%90,853,055.2%-93.5%
Utilities-0.5%41,322,822.8%-53.6%
Financials-1.8%114,178,759.4%-100%
Consumer Staples-2.1%141,494,720.7%-59.2%

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