Abbott Laboratories and 4 Healthcare Stocks Falling on Wall Street: ABT, XRAY, COO, UHS, TECH

Through most of the trading day on Thursday, September 22, 2011, these stocks are bringing down the Healthcare (NYSE:XLV) sector. Long time Wall St. Cheat Sheet readers know to watch stock prices because Technicals on the Stock Chart are Strong’ is one of the ‘T’s in our CHEAT SHEET investing framework.

Shares of Abbott Laboratories (NYSE:ABT) are trading at $50.40, down $1.41 (-2.6%) from the previous close of $51.74. Abbott Laboratories is a pharmaceuticals health care company, whose main line of business is in the discovery, development, manufacture, and sale of a broad range of health care products. Its customers include wholesalers, hospitals and commercial laboratories.

Stock Price Performance: From August 22, 2011, to September 20, 2011, the stock price had risen $3.39 (6.9%) from $49.38 to $52.77. The stock price saw one of its best stretches over the last year between March 25, 2011 and April 4, 2011 when shares rose for seven straight trading days, rising 4.6% (+$2.18). It saw one of its worst periods between July 22, 2011 and August 2, 2011 when shares fell for eight straight trading days, falling 5.2% (-$2.75).

DENTSPLY International Inc. (NASDAQ:XRAY) is among the price losers in the sector. Its shares are trading at $31.13, which is $1.17 (-3.5%) below the previous close of $32.25. DENTSPLY International, Inc. manufactures and distributes dental equipment and products, including artificial teeth and dental consumable products.

Stock Price Performance: From July 25, 2011, to September 20, 2011, the stock price had fallen $5.93 (-15%) from $39.55 to $33.62. The stock price saw one of its best stretches over the last year between June 27, 2011 and July 8, 2011 when shares rose for nine straight trading days, rising 5.6% (+$2.07). It saw one of its worst periods between May 31, 2011 and June 8, 2011 when shares fell for seven straight trading days, falling 5.7% (-$2.22).

The Cooper Companies Inc. (NYSE:COO) stocks are trading at $77.98. This is $2.42 (-2.9%) below the previous close of $80.29, making the company one of the biggest price losers in the sector today. Cooper Companies, Inc. develops, manufactures and markets healthcare products, primarily medical devices through its two business units, CooperVision, Inc. and CooperSurgical, Inc.

Stock Price Performance: From August 23, 2011, to September 21, 2011, the stock price had risen $10.64 (15.3%) from $69.65 to $80.29. The stock price saw one of its best stretches over the last year between January 28, 2011 and February 14, 2011 when shares rose for 12 straight trading days, rising 8.9% (+$5.07). It saw one of its worst periods between July 19, 2011 and July 28, 2011 when shares fell for eight straight trading days, falling 5.6% (-$4.57).

Universal Health Services Inc. (NYSE:UHS) is among the price losers in the sector. Its shares are trading at $34.22, which is $1.35 (-3.6%) below the previous close of $35.48. Universal Health Services, Inc. through its subsidiaries is engaged in the business of owning and operating, acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers and radiation oncology centers.

Stock Price Performance: From June 24, 2011, to September 20, 2011, the stock price had fallen $14.36 (-28.1%) from $51.07 to $36.71. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 28, 2011 when shares rose for eight straight trading days, rising 18.8% (+$8.64). It saw one of its worst periods between July 26, 2011 and August 8, 2011 when shares fell for 10 straight trading days, falling 29.9% (-$15.70).

Techne Corporation (NASDAQ:TECH) is among the price losers in the sector as its stock price is $67.03, down $2.22 (-3%) from the previous close of $69.09. Techne Corporation and subsidiaries are engaged in the development, manufacture and sale of biotechnology products and hematology calibrators and controls.

Stock Price Performance: From July 25, 2011, to September 20, 2011, the stock price had fallen $8.53 (-10.7%) from $79.70 to $71.17. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 29, 2011 when shares rose for nine straight trading days, rising 5.9% (+$4.30). It saw one of its worst periods between July 19, 2011 and August 1, 2011 when shares fell for 10 straight trading days, falling 10.8% (-$8.80).

 

More from The Cheat Sheet