Value in Pharmaceuticals and Biotechnology stocks fell 1.8 percent in the week ending Aug. 20 from the previous week.
The strongest performing Pharmaceuticals and Biotechnology company in Michigan was ENDRA Life Sciences Inc. (NDRA:NAQ), dropping 31 percent to sell at $0.2811.
Ocuphire Pharma Inc. (OCUP:NAQ) fared the worst among Michigan companies, suffering a 75 percent drop to $2.55.
Among Ann Arbor companies, Zomedica Corp. (ZOM:ASQ) saw the biggest fall in value of 49.1 percent in the week ending Aug. 20.
The Finance and Credit Services industry was the week’s best-performing industry on the market. The market is divided into 44 different industries.
Beverages 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 |
|---|---|---|---|
| Finance and Credit Services | 95.2% | 10,361.6% | -50% |
| Construction and Materials | 4.6% | 123,931,298.4% | -90.4% |
| Oil, Gas and Coal | 3.5% | 86,218,523.5% | -98.8% |
| Consumer Services | 2.7% | 41,852.5% | -89.9% |
| Gas, Water and Multi-utilities | 2.2% | 43,621,980.9% | -62.9% |
| Telecommunications Equipment | 2.1% | 4,837,938.6% | -93% |
| Waste and Disposal Services | 1.8% | 3,565.6% | -80.5% |
| Retailers | 1.8% | 159,248,242.4% | -87.3% |
| Electricity | 1.5% | 230,708,160.5% | -63.7% |
| Non-life Insurance | 1% | 3,588,150% | -86.9% |
| Technology Hardware and Equipment | 0.9% | 1,679,815.7% | -73.9% |
| Industrial Metals and Mining | 0.4% | 780,198,871.7% | -81.9% |
| Personal Goods | 0.2% | 132,243,835.3% | -47.8% |
| Personal Care, Drug and Grocery Stores | 0.1% | 52,600,277% | -82.6% |
| Industrial Support Services | -0.1% | 8,631,213.6% | -91.1% |
| Travel and Leisure | -0.4% | 22,779,814.2% | -93.2% |
| Banks | -0.4% | 273,614,420.3% | -98.9% |
| Industrial Materials | -0.5% | 711.4% | -60.7% |
| Investment Banking and Brokerage Services | -0.7% | 18,980,874.2% | -98.9% |
| Chemicals | -0.8% | 1,359,381.1% | -86.1% |
| Industrial Engineering | -0.8% | 86,613,427.9% | -81% |
| General Industrials | -1% | 66,972.4% | -72.5% |
| Telecommunications Service Providers | -1.2% | 1,755,474.7% | -89.7% |
| Real Estate Investment Trusts | -1.3% | 56,423,576.1% | -89.4% |
| Aerospace and Defense | -1.3% | 584,645.8% | -96.7% |
| Closed End Investments | -1.7% | 46,982,606.5% | -99.5% |
| Food Producers | -1.8% | 16,208,615.5% | -99.2% |
| Pharmaceuticals and Biotechnology | -1.8% | 532,513,918.7% | -96.8% |
| Mortgage Real Estate Investment Trusts | -1.9% | 181,647,021.5% | -74.6% |
| Electronic and Electrical Equipment | -2.1% | 5,774,357.3% | -92.2% |
| Health Care Providers | -2.3% | 106,380,268.1% | -84.8% |
| Automobiles and Parts | -2.8% | 23,711,085.1% | -97.2% |
| Real Estate Investment and Services | -3.3% | 751,484.6% | -90.9% |
| Industrial Transportation | -3.3% | 139,107.1% | -90% |
| Household Goods and Home Construction | -4.1% | 3,838,171.9% | -92.6% |
| Leisure Goods | -4.1% | 28,827,305.7% | -99.6% |
| Software and Computer Services | -4.3% | 19,465,113% | -99.7% |
| Media | -4.5% | 5,393,730.9% | -92.7% |
| Life Insurance | -4.7% | 4,835.3% | -51.5% |
| Precious Metals and Mining | -7.5% | 1,193.9% | -60.4% |
| Tobacco | -7.6% | 645.6% | -84.5% |
| Alternative Energy | -7.8% | 52,381,505.1% | -73.7% |
| Medical Equipment and Services | -10.3% | 32,138,371.1% | -99.8% |
| Beverages | -14% | 2,921.2% | -93.7% |
