June 07, 2013 at 10:55 AM EDT
Before the Bell Scans of BSX, ABT, ZMH, and ETRM
StockCall.com Provides Stock Research on Boston Scientific Corp., Abbott Laboratories, Zimmer Holdings Inc., and EnteroMedics Inc.
New York City, New York -- (June 07, 2013)
The Affordable Care Act (ACA), which was upheld by the Supreme Court last year, is expected to have a significant impact on the U.S. healthcare sector. The reform has generally been welcomed by healthcare companies which anticipate benefiting from it in the long-term. However, certain features of the ACA have been criticized, and one such feature is the 2.3% tax on gross U.S. sales of medical devices which has been opposed by medical appliances & equipment companies. Medical device makers say that the reform will lead to higher costs and hurt innovation. On Thursday, June 6, 2013, shares in medical appliances & equipment companies ended mostly higher, tracking gains in the broader market. The major movers in the sector included Boston Scientific Corporation (NYSE: BSX), Abbott Laboratories (NYSE: ABT), Zimmer Holdings Inc. (NYSE: ZMH), and EnteroMedics Inc. (NASDAQ: ETRM). StockCall has taken an interest in these companies and you can now sign up to download the free technical research on BSX, ABT, ZMH, and ETRM at
Shares in Boston Scientific Corporation rose sharply on Thursday, reversing some of their losses from earlier in the week. The company’s shares ended the day 2% higher at $9.18 after trading between $8.93 and $9.19. What’s more, its volume yesterday was at 27.86 million shares, which came in above its daily average volume of 20.66 million. However, despite the rise in its previous session, BSX’s shares have fallen over 2.40% in the last three sessions. From the start of this year, however, the stock has gained over 60.20%, thus outperforming the S&P 500. Sign up today to read the free research report on BSX at
Abbott Laboratories’ stock moved 0.94% higher yesterday to end the day at $36.64, helping to reverse some of its losses from the two previous sessions. At the close, a total of 6.91 million shares were traded which is slightly above the daily average volume of 6.90 million. However, despite the gains on Thursday, shares of the company have dropped 1.40% in the last three sessions. The stock has, nonetheless, grown nearly 17.80% since the start of 2013, consequently outperforming the S&P 500. Additionally, ABT is currently trading slightly below its 50-day moving average. Register to download the free technical analysis on ABT at
Shares in Zimmer Holdings Inc. saw a sharp rise on Thursday, reversing most of their losses from earlier in the week. The company’s shares ended the day 1.46% higher, thus registering a new high at $78.30. A total of 688,217 shares were traded which is well below the daily average volume of 1.04 million. Shares of ZMH are now down nearly 0.70% since the last three sessions, whilst so far this year, they have grown nearly 17.80%. With this growth they have outperformed the S&P 500. However, despite the gains, the stock is still trading 4.42% below its 52-week high. Free report on ZMH can be accessed by registering at
EnteroMedics Inc.’s stock fell sharply in its last trading session on Thursday, extending its losses from the previous trading days. The company’s shares hit an intraday low of $1.12 before finishing the day 4.88% lower at $1.17 as compared to its prior closing price. With 1.02 million shares traded yesterday, the tock beat its daily average volume of 795,288. Shares of ETRM have fallen 10% in the last three sessions. So far this year, the stock has fallen over 58.20%, hence underperforming the S&P 500.Register withStockCall and download the research on ETRM for free at
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William T. Knight
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