Laux, Porter, Cavanaugh (212) 829-5484
Third excellent day in a row to start the month, albeit on light volumes. Prices keyed off the unemployment numbers, as expected, and had a firm tone all day and went out again at their best levels of the day. CLDX the lone disaster of the day on our pad after cancellation of cancer vaccine pact with PFE. HMO's had a great day , led by WLP,HUM, UNH. Better tone to the PBM sector, which has been a decided laggard within Healthcare. We were active in CAH on the buy side and our best name was MHS, where we took a seller out of 500k. Our volumes remained light, but leaned 4:1 to the sell side. Many players taking advasntage of the higher prices to lighten up.
XLV:
29.17;
.27;
.93
DRG:
293.88;
1.9;
.65
HMO:
1523.19;
33.59;
2.26
BTK:
1122.67;
10.71;
.96
Leaders:
EXEL GTXI VPHM UNH ITMN CYH WLP
Laggards:
VVUS IMMU ISPH WPI SVNT AUXL CLDX
BIOTECH/PHARMAS:AMRN ITMN REGN VVUS
HEALTHCARE SERVICES:MHS BSX CAH DVA RURL
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