IHI - Why Novocure Insulet and Dexcom Are Rising Today
Shares of Novocure (NASDAQ: NVCR), Insulet (NASDAQ: PODD), and Dexcom (NASDAQ: DXCM) all rose by double digits in afternoon trading on Thursday. As of 3:15 p.m. EDT, these healthcare stocks were up 10%, 7%, and 10%, respectively.
The major U.S. stock indexes all started the day down but rallied in afternoon trading on Thursday. The S&P 500 and Dow Jones Industrial Average were up more than 2%, while the tech-heavy Nasdaq was up more than 4%.
Dozens of beaten-down, high-growth companies are outpacing the market's strong returns today, even though they didn't produce any market-moving news. Novocure, Insulet, and Dexcom were included in that group.