Covidien PLC (COV): 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 modelCovidien (COV) pushed the Health Care sector lower today making it today's featured Health Care laggard. The sector as a whole was unchanged today. By the end of trading, Covidien fell $4.41 (-6.6%) to $61.96 on heavy volume. Throughout the day, 13,972,302 shares of Covidien exchanged hands as compared to its average daily volume of 2,101,900 shares. The stock ranged in price between $61.51-$65.35 after having opened the day at $65.23 as compared to the previous trading day's close of $66.37. Other companies within the Health Care sector that declined today were: Dyax Corporation (DYAX), down 34.9%, Merit Medical Systems (MMSI), down 12.2%, PerkinElmer (PKI), down 11.9% and Atossa Genetics (ATOS), down 7.9%.
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