MNTA - Why Align Technology Bausch Health Momenta Pharmaceuticals and ShockWave Medical Stocks Soared Today
Shares of several healthcare stocks soared today as the broader market jumped after the number of new COVID-19 cases in the U.S. appeared to have slowed somewhat. Align Technology (NASDAQ: ALGN) stock vaulted 14.6% higher. Shares of Bausch Health Companies (NYSE: BHC) rose 9.8%. Momenta Pharmaceuticals (NASDAQ: MNTA) stock climbed 15.6% higher. And shares of ShockWave Medical (NASDAQ: SWAV) were up 10.6% at the close of trading today.
Johns Hopkins reported that the number of new COVID-19 cases in the U.S. on Sunday totaled 28,222. That was down from 33,264 on Saturday and 32,133 on Friday. This decline caused the five-day moving average of new COVID-19 cases to fall for the first time since the coronavirus pandemic started.
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