Technical Briefing: Life Technologies, Opko Health, Brookdale Senior Living,
Medicines, and DaVita
LONDON, June 20, 2013
LONDON, June 20, 2013 /PRNewswire/ --
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The U.S. Supreme Court last year upheld President Obama's Affordable Care Act
(ACA), paving the way for an overhaul of the U.S. healthcare sector. One of
the most controversial features of the ACA is a 2.3% excise tax on all U.S.
sales of medical devices. The tax went into effect on January 1, 2013.
However, the tax has been opposed by medical device companies which say that
they will not gain enough new customers from the reform to offset higher costs
because of the excise tax. Earlier this year, the Senate voted 79-20 to repeal
the 2.3% excise tax. On Wednesday, June 19, 2013, the healthcare sector ended
mostly lower, tracking losses in the broader market which fell sharply
following the release of Federal Reserve's latest monetary policy statement.
The major movers in the sector included Life Technologies Corp. (NASDAQ:
LIFE), Opko Health Inc. (NYSE: OPK), Brookdale Senior Living Inc. (NYSE: BKD),
The Medicines Company (NASDAQ: MDCO), and DaVita HealthCare Partners Inc.
(NYSE: DVA). All these companies are tracked by AAAResearchReports.com. Free
technical research reports on LIFE, OPK, BKD, MDCO, and DVA can be accessed by
signing up at
Life Technologies Corp.'s stock ended nearly flat yesterday. The company's
shares traded between $74.06 and $74.27 before finishing the day 0.08% lower
at $74.21. A total of 1.77 million shares were exchanged which is below the
daily average volume of 2.54 million. Shares of the company have gained over
16.70% in the last three months, thus outperforming the S&P 500. Download free
report on LIFE upon registration at:
Shares in Opko Health Inc. fell on Wednesday, closing at $7.06, down 1.12%
from its previous closing price. The company's shares traded between $7.05 and
$7.20 and registered a trading volume of 1.34 million shares which is in-line
with its daily average volume. Despite the sharp pullback yesterday, Opko
Health's shares have risen by 3.37% so far this week. OPK technical report can
be accessed for free by signing up at:
Shares in Brookdale Senior Living Inc. saw a sharp drop of 1.98% on Wednesday,
tracking losses in the broader market. The company's shares traded between
$27.24 and $28.00 before finishing the day at $27.26. A total of 738,258
shares were traded which is below its daily average volume of 978,961.
Brookdale Senior Living's shares have slipped below their 50-day moving
average as a result of the sharp decline yesterday. A free report on BKD can
be accessed by registering at:
The Medicines Company's stock rallied yesterday even as the broader market
struggled. The company's shares ended the day 3.04% higher at $33.52 after
trading between $32.63 and $33.85. A total of 524,763 shares were exchanged
which is below the daily average volume of 949,602. In the last three months,
company shares have risen by over 5.20%. Register with AAA Research Reports
and download research on MDCO for free at:
Shares in DaVita HealthCare Partners Inc. fell sharply by 2.07% on Wednesday,
closing at $126.82 on a total of 611,861 shares. Its daily average volume is
712,272. Moreover, the company's shares are still trading below their 50-day
and 200-day moving averages. The stock is also trading near its 52-week high
of $131.33. Read full free research on DVA by signing up to AAA Research
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