Life Technologies Corp (LIFE): Today's Featured Health Care Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. Life Technologies (LIFE) pushed the Health Care sector lower today making it today's featured Health Care laggard. The sector as a whole closed the day down 0.9%. By the end of trading, Life Technologies fell $2.22 (-3.4%) to $63.02 on average volume. Throughout the day, 2.4 million shares of Life Technologies exchanged hands as compared to its average daily volume of 2.1 million shares. The stock ranged in price between $62.66-$64.70 after having opened the day at $64.58 as compared to the previous trading day's close of $65.24. Other companies within the Health Care sector that declined today were: Bioline Rx (BLRX), down 16.4%, Celsion Corporation (CLSN), down 11.4%, Idera Pharmaceuticals (IDRA), down 9.6%, and Spherix (SPEX), down 9.2%.
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