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Monday, December 23, 2024

Salt Lake City company Clene Inc. (CLNN:NAQ) working in Pharmaceuticals and Biotechnology sees value fall 33.6% in week ending April 9

Stock market 17 edited

Value in Pharmaceuticals and Biotechnology stocks fell 0.5 percent in the week ending April 9 from the previous week.

The strongest performing Pharmaceuticals and Biotechnology company in Utah was PolarityTE Inc. (PTE:NAQ), sitting 1,042.7 percent higher to sell at $0.2139.

Clene Inc. (CLNN:NAQ) fared the worst among Utah companies, suffering a 33.6 percent drop to $3.19.

The Beverages 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.

Rank of stock market industries in week ending April 9

IndustryPercentage ChangeHighest Positive ChangeLargest Negative Change
Beverages9.7%6,962.2%-92.9%
Retailers3.2%3,719.4%-94.9%
Personal Care, Drug and Grocery Stores2.8%239%-99.9%
Health Care Providers2.5%6,860.5%-95.1%
Oil, Gas and Coal0.9%987%-95.9%
Food Producers0.8%221.5%-72.8%
Electricity0.6%127.2%-89.6%
Non-life Insurance-0.1%3,322.4%-83.8%
Gas, Water and Multi-utilities-0.1%93.5%-89.3%
Consumer Services-0.2%876.2%-90%
Medical Equipment and Services-0.4%851.3%-98.6%
Open End and Miscellaneous Investment Vehicles-0.4%168,983.4%-100%
Pharmaceuticals and Biotechnology-0.5%375,262.9%-98.4%
Leisure Goods-1.1%38.3%-87.3%
Chemicals-1.2%320.6%-87.3%
Telecommunications Service Providers-1.5%2,166.7%-79.3%
Precious Metals and Mining-1.7%2,610%-99.5%
Industrial Materials-1.8%200.4%-60%
Real Estate Investment Trusts-1.8%1,820.5%-90.8%
Aerospace and Defense-1.9%110.3%-93.7%
Electronic and Electrical Equipment-2.2%683.1%-97.7%
Banks-2.3%7,169.7%-99.3%
Closed End Investments-2.4%1,258.1%-94.2%
General Industrials-2.4%82.3%-99.5%
Life Insurance-2.4%1,519.5%-46.9%
Industrial Engineering-2.7%2,369.3%-92.2%
Industrial Support Services-2.8%10,502.6%-98.1%
Real Estate Investment and Services-2.9%465.9%-97.1%
Telecommunications Equipment-3.2%5,460.3%-87.5%
Industrial Metals and Mining-3.2%7,282%-89.1%
Personal Goods-3.4%97.9%-70%
Mortgage Real Estate Investment Trusts-4.2%48.7%-75.3%
Investment Banking and Brokerage Services-4.8%610.9%-97.4%
Travel and Leisure-4.9%2,676%-95.5%
Household Goods and Home Construction-5.1%5,302.8%-96.7%
Software and Computer Services-5.7%2,920.9%-94.2%
Automobiles and Parts-6.1%82.7%-77.1%
Media-7.2%3,202%-95.6%
Technology Hardware and Equipment-7.2%562.6%-96.9%
Industrial Transportation-8.4%646.6%-97.2%
Construction and Materials-9.6%209.4%-97.6%
Alternative Energy-9.7%906.2%-95.6%
Finance and Credit Services-49.8%248.9%-89.4%

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