Medical and Health Stocks on the Rise: Thursday, March 2, 2006

Strategic Insights -

As the world of biotechnology and pharmaceuticals continues to evolve, several medical and health stocks have caught the attention of investors and market analysts. StockstoFollow.com, a leading online financial portal, identifies key companies that are poised to advance in the market due to their innovative technology, executive teams, and recent discoveries. This article highlights six medical and health stocks that have seen significant gains in recent days: Medco Health Solutions, Inc., Human Genome Sciences, Inc., Paradigm Medical Industries, Inc., Rite Aid Corporation, Wal-Mart Stores, Inc., and Callisto Pharmaceuticals, Inc.

Key Takeaways:

  • Medco Health Solutions, Inc. (NYSE: MHS) experienced a 6.3% increase in stock value on 4.8 million shares traded, driven by a strategic organizational realignment that strengthens its business-support and client-service teams.
  • Human Genome Sciences, Inc. (NASDAQ: HGSI) saw a 6.8% rise in stock value on 6.2 million shares traded, following the announcement of a presentation at the Citigroup 2006 Healthcare Conference.
  • Paradigm Medical Industries, Inc. (OTCBB: PMED) had a 10.6% increase in stock value on 14.3 million shares traded, after completing the sale of $1.5 million in secured convertible notes.
  • Rite Aid Corporation (NYSE: RAD) experienced a 5.4% increase in stock value on 13.1 million shares traded, driven by strong sales growth, with pharmacy same-store sales flat and front-end same-store sales rising 2.8%.
  • Wal-Mart Stores, Inc. (NYSE: WMT) saw a 0.4% decrease in stock value on 12 million shares traded, despite announcing a partnership with America's Second Harvest -- The Nation's Food Bank Network to raise awareness of the national hunger crisis.
  • Callisto Pharmaceuticals, Inc. (AMEX: KAL) had a 10% increase in stock value on 528,000 shares traded, driven by the development of new drugs to treat cancer and other serious afflictions.

Statistics:

  • Medco Health Solutions, Inc. (NYSE: MHS) experienced a 6.3% increase in stock value on 4.8 million shares traded.
  • Human Genome Sciences, Inc. (NASDAQ: HGSI) saw a 6.8% rise in stock value on 6.2 million shares traded.
  • Paradigm Medical Industries, Inc. (OTCBB: PMED) had a 10.6% increase in stock value on 14.3 million shares traded.
  • Rite Aid Corporation (NYSE: RAD) experienced a 5.4% increase in stock value on 13.1 million shares traded.
  • Wal-Mart Stores, Inc. (NYSE: WMT) saw a 0.4% decrease in stock value on 12 million shares traded.
  • Callisto Pharmaceuticals, Inc. (AMEX: KAL) had a 10% increase in stock value on 528,000 shares traded.

Sources:

  • StockstoFollow.com
  • M2 Presswire
  • Biotech Hunter
  • American Stock Exchange (AMEX)
  • NASDAQ
  • New York Stock Exchange (NYSE)
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