St. Jude Medical Leads Healthcare Stocks Falling on Wall Street: LUX, STJ, TECH, MRX, PKI

Through most of the trading day on Friday, October 7, 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.

Luxottica Group S.p.A. (NYSE:LUX) is among the price losers in the sector. Its shares are trading at $26.68, which is 53 cents (-2%) below the previous close of $27.23. Luxottica Group designs, manufactures, and distributes fashion, luxury and sport/performance eyewear. It operates in two industry segments: manufacturing and wholesale distribution; and retail distribution.

Stock Price Performance: From July 13, 2011, to October 6, 2011, the stock price had fallen $4.01 (-12.8%) from $31.24 to $27.23. The stock price saw one of its best stretches over the last year between March 25, 2011 and April 6, 2011 when shares rose for nine straight trading days, rising 4.7% (+$1.46). It saw one of its worst periods between March 9, 2011 and March 16, 2011 when shares fell for six straight trading days, falling 9.5% (-$3.02).

St. Jude Medical, Inc. (NYSE:STJ) stocks are trading at $36.80. This is 71 cents (-2%) below the previous close of $37.54, making the company one of the biggest price losers in the sector today. St. Jude Medical develops, manufactures and distributes cardiovascular medical devices.

Stock Price Performance: From July 13, 2011, to October 6, 2011, the stock price had fallen $8.10 (-17.7%) from $45.64 to $37.54. The stock price saw one of its best stretches over the last year between February 4, 2011 and February 14, 2011 when shares rose for seven straight trading days, rising 13% (+$5.36). It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine straight trading days, falling 11.6% (-$5.70).

Shares of Techne Corporation (NASDAQ:TECH) are trading at $69.22, down $1.12 (-1.7%) from the previous close of $70.44. TECHNE and subsidiaries are engaged in the development, manufacture and sale of biotechnology products and hematology calibrators and controls.

Stock Price Performance: From July 13, 2011, to October 6, 2011, the stock price had fallen $11.03 (-13.5%) from $81.47 to $70.44. 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).

Medicis Pharmaceutical Corporation (NYSE:MRX) is one of the sector losers in price. Its shares are trading at $36.35, down 53 cents (-1.5%) from the previous close of $36.90. Medicis Pharmaceutical focuses on helping patients attain a healthy and youthful appearance and self-image through the development and marketing of products that treat dermatological and aesthetic conditions.

Stock Price Performance: From July 12, 2011, to October 5, 2011, the stock price had fallen $3 (-7.6%) from $39.31 to $36.31. The stock price saw one of its best stretches over the last year between March 31, 2011 and April 7, 2011 when shares rose for six straight trading days, rising 10.6% (+$3.37). It saw one of its worst periods between March 11, 2011 and March 18, 2011 when shares fell for six straight trading days, falling 4% (-$1.25).

PerkinElmer Inc. (NYSE:PKI) is among the price losers in the sector as its stock price is $17.73, down $1.77 (-9.3%) from the previous close of $19.55. PerkinElmer provides technology, services, and solutions to the environmental monitoring, diagnostics, academic research, and safety security markets.

Stock Price Performance: From July 13, 2011, to October 6, 2011, the stock price had fallen $6.85 (-25.9%) from $26.40 to $19.55. It saw one of its worst periods between September 14, 2011 and September 22, 2011 when shares fell for seven straight trading days, falling 10.7% (-$2.26). The stock price saw one of its best stretches over the last year between December 6, 2010 and December 14, 2010 when shares rose for seven straight trading days, rising 5.2% (+$1.25).

 

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