Value in Pharmaceuticals and Biotechnology stocks fell 3.4 percent in the week ending Sept. 17 from the previous week.
The strongest performing Pharmaceuticals and Biotechnology company in Texas was Vaxxinity Inc. (VAXX:NMQ), sitting 474.7 percent higher to sell at $2.14.
Kiromic Biopharma Inc. (KRBP:NAQ) fared the worst among Texas companies, suffering an 87.1 percent drop to $0.3635.
Among Friendswood companies, Castle Biosciences Inc. (CSTL:NMQ) saw the highest rise in value of 59.6 percent in the week ending Sept. 17.
The Beverages industry was the week’s best-performing industry on the market. The market is divided into 45 different industries.
Telecommunications Service Providers was the worst-performing industry.
Healthcare and technology stocks are viewed as the safest bets for long-term gains.
Besty Kuekcer with Benzinga.com said healthcare-related stocks, such as hospital conglomerates and insurance companies, have weathered numerous economic crises and still make a profit, suggesting that they are generally a stable investment.
While technology stocks can be more risky, given the boom-bust nature of new tech companies, Kuecker recommended a diverse portfolio of tech companies to strike it big when companies succeed or sell to other larger companies.
For short-term investments, Kuecker recommended “consumer discretionary” stocks, which are sensitive to economic changes but can rise greatly on the back of a strong economy.
Nothing in this article is to be assumed as financial advice.
Individual companies can have several different types of shares across many stock markets. It is possible for different types of shares to see different results on the market.
| Industry | Percentage Change | Highest Positive Change | Largest Negative Change |
|---|---|---|---|
| Beverages | 23.9% | 849.2% | -88.7% |
| Precious Metals and Mining | 3% | 1,888.3% | – |
| Banks | -0.2% | 799,526.4% | -98% |
| Open End and Miscellaneous Investment Vehicles | -0.3% | 2,091,996.3% | -99.9% |
| Non-life Insurance | -1.3% | 1,712.8% | -68% |
| Health Care Providers | -1.5% | 1,296.4% | -49.4% |
| Gas, Water and Multi-utilities | -2.3% | 866.6% | -85.4% |
| Household Goods and Home Construction | -2.5% | 1,251.8% | -72% |
| Mortgage Real Estate Investment Trusts | -2.7% | 1,213.9% | -13.5% |
| Electricity | -2.7% | 955.1% | -12.5% |
| Travel and Leisure | -3.2% | 2,561.6% | -99.2% |
| Consumer Services | -3.4% | 1,591.3% | -93.8% |
| Pharmaceuticals and Biotechnology | -3.4% | 53,860.3% | -97.3% |
| Oil, Gas and Coal | -3.5% | 3,305.6% | -97.6% |
| Closed End Investments | -3.5% | 855.8% | -99.9% |
| Media | -3.6% | 1,338.4% | -99.4% |
| Investment Banking and Brokerage Services | -3.6% | 7,139.4% | -62% |
| Industrial Support Services | -3.7% | 1,271.1% | -98.9% |
| Waste and Disposal Services | -3.7% | 976.6% | -37.8% |
| Automobiles and Parts | -3.7% | 478.9% | -68.4% |
| Aerospace and Defense | -3.7% | 2,422.4% | -96.1% |
| Telecommunications Equipment | -3.8% | 76,895.3% | -65.1% |
| Technology Hardware and Equipment | -4% | 3,020.6% | -54.9% |
| Real Estate Investment and Services | -4.3% | 1,255.5% | -96.2% |
| Food Producers | -4.4% | 1,956.3% | -80.7% |
| Alternative Energy | -4.5% | 782.1% | -87% |
| Electronic and Electrical Equipment | -4.8% | 897.4% | -80.2% |
| Retailers | -5.1% | 740% | -70.4% |
| Real Estate Investment Trusts | -5.2% | 1,583.4% | -49% |
| Leisure Goods | -5.6% | 16,917.6% | -93.1% |
| Construction and Materials | -6.4% | 4,937.9% | -99.7% |
| Software and Computer Services | -6.5% | 1,881% | -83.7% |
| General Industrials | -6.9% | 625% | -48.8% |
| Medical Equipment and Services | -7% | 29,905.8% | -97% |
| Finance and Credit Services | -7% | 1,349.1% | -91.7% |
| Life Insurance | -7% | 396.4% | -52.2% |
| Chemicals | -7.2% | 1,276.1% | -97.9% |
| Industrial Engineering | -7.3% | 58,039.5% | -85.1% |
| Personal Care, Drug and Grocery Stores | -7.5% | 570.4% | -74% |
| Personal Goods | -7.6% | 671.8% | -73.6% |
| Industrial Transportation | -8% | 1,413.8% | -98.7% |
| Industrial Materials | -8.1% | 1,176.6% | – |
| Industrial Metals and Mining | -9.1% | 2,145.2% | -98.7% |
| Tobacco | -10.5% | 935.6% | -91% |
| Telecommunications Service Providers | -13.9% | 3,437.1% | -58.9% |
