Dallas, TX 12/10/2009 4:33:44 PM
News / Business

Top Healthcare Stock Gainers were AVNR, COO, HITK

Healthcare Stocks

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AVANIR Pharmaceuticals (NASDAQ:AVNR) surged 7.65% to $1.97. The stock hit an intraday high and an intraday low of $2.10 and $1.85 respectively. In the last six months the stock went up over 33%. Avanir Pharmaceuticals, Inc. is a pharmaceutical company focused on acquiring, developing and commercializing therapeutic products for the treatment of central nervous system disorders.

The Cooper Companies, Inc. (NYSE:COO) soared 7.72% to $36.54 on 2.75 million shares after the company was today upgraded by Wells Fargo to Outperform from Market Perform and raised the price target range to $41-$43 from $28-$30. The Cooper Companies, Inc. develops, manufactures and markets healthcare products, primarily medical devices, through its two business units: CooperVision, Inc. (CVI) and CooperSurgical, Inc. (CSI). CVI develops, manufactures and markets a range of contact lenses for the worldwide vision correction market.

Hi-Tech Pharmacal Co. (NASDAQ:HITK) was up 12.09% to $24.47 on 1.63 million shares after the company posted nearly a six-fold jump in quarterly profit as it sold more higher-margin products like generic eye drops. Net income for the second quarter was $7.4 million, or 60 cents a share, compared with $1.1 million, or 9 cents a share, in the year-ago period. Net sales rose 63 percent to $40.9 million.

 

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