|By PR Newswire||
|June 20, 2013 11:37 AM EDT||
LONDON, June 20, 2013 /PRNewswire/ --
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The U.S. Supreme Court last year upheld President Obama's Affordable Care Act (ACA), paving the way for an overhaul of the U.S. healthcare sector. One of the most controversial features of the ACA is a 2.3% excise tax on all U.S. sales of medical devices. The tax went into effect on January 1, 2013. However, the tax has been opposed by medical device companies which say that they will not gain enough new customers from the reform to offset higher costs because of the excise tax. Earlier this year, the Senate voted 79-20 to repeal the 2.3% excise tax. On Wednesday, June 19, 2013, the healthcare sector ended mostly lower, tracking losses in the broader market which fell sharply following the release of Federal Reserve's latest monetary policy statement. The major movers in the sector included Life Technologies Corp. (NASDAQ: LIFE), Opko Health Inc. (NYSE: OPK), Brookdale Senior Living Inc. (NYSE: BKD), The Medicines Company (NASDAQ: MDCO), and DaVita HealthCare Partners Inc. (NYSE: DVA). All these companies are tracked by AAAResearchReports.com. Free technical research reports on LIFE, OPK, BKD, MDCO, and DVA can be accessed by signing up at
Life Technologies Corp.'s stock ended nearly flat yesterday. The company's shares traded between $74.06 and $74.27 before finishing the day 0.08% lower at $74.21. A total of 1.77 million shares were exchanged which is below the daily average volume of 2.54 million. Shares of the company have gained over 16.70% in the last three months, thus outperforming the S&P 500. Download free report on LIFE upon registration at:
Shares in Opko Health Inc. fell on Wednesday, closing at $7.06, down 1.12% from its previous closing price. The company's shares traded between $7.05 and $7.20 and registered a trading volume of 1.34 million shares which is in-line with its daily average volume. Despite the sharp pullback yesterday, Opko Health's shares have risen by 3.37% so far this week. OPK technical report can be accessed for free by signing up at:
Shares in Brookdale Senior Living Inc. saw a sharp drop of 1.98% on Wednesday, tracking losses in the broader market. The company's shares traded between $27.24 and $28.00 before finishing the day at $27.26. A total of 738,258 shares were traded which is below its daily average volume of 978,961. Brookdale Senior Living's shares have slipped below their 50-day moving average as a result of the sharp decline yesterday. A free report on BKD can be accessed by registering at:
The Medicines Company's stock rallied yesterday even as the broader market struggled. The company's shares ended the day 3.04% higher at $33.52 after trading between $32.63 and $33.85. A total of 524,763 shares were exchanged which is below the daily average volume of 949,602. In the last three months, company shares have risen by over 5.20%. Register with AAA Research Reports and download research on MDCO for free at:
Shares in DaVita HealthCare Partners Inc. fell sharply by 2.07% on Wednesday, closing at $126.82 on a total of 611,861 shares. Its daily average volume is 712,272. Moreover, the company's shares are still trading below their 50-day and 200-day moving averages. The stock is also trading near its 52-week high of $131.33. Read full free research on DVA by signing up to AAA Research Reports at:
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SOURCE AAA Research Reports
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