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Sunday, December 29, 2024

Malvern-based Pharmaceuticals and Biotechnology company Ocugen Inc. (OCGN:NAQ) sees value fall 100% in July

Stock market 22 edited

Value in Pharmaceuticals and Biotechnology stocks rose 5.9 percent in July from the previous month.

The strongest performing Pharmaceuticals and Biotechnology company in Pennsylvania was Virpax Pharmaceuticals Inc. (VRPX:NAQ), sitting 592,043 percent higher to sell at $1.5.

Krystal Biotech Inc. (KRYS:NMQ) fared the worst among Pennsylvania companies, suffering a 100 percent drop to $73.23.

Among Malvern companies, Ocugen Inc. (OCGN:NAQ) saw the biggest fall in value of 100 percent in July.

The Alternative Energy industry was the month’s best-performing industry on the market. The market is divided into 44 different industries.

Precious Metals and Mining 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.

Rank of stock market industries in July

IndustryPercentage ChangeHighest Positive ChangeLargest Negative Change
Alternative Energy139.9%27,463.8%-99.9%
Technology Hardware and Equipment18.5%7,470.4%-99.9%
Waste and Disposal Services17.7%8,559.5%-99.8%
Electronic and Electrical Equipment17.4%1,463.3%-99.9%
Telecommunications Equipment15.9%863%-86.8%
Leisure Goods15.9%9,812.4%-99.9%
Investment Banking and Brokerage Services15.7%981%-99.3%
Mortgage Real Estate Investment Trusts15%1,743%-99.9%
Automobiles and Parts14.9%599.5%-99.9%
Household Goods and Home Construction13.6%4,754.4%-91.3%
Media13.1%886.4%-99.9%
Industrial Engineering12.5%1,629,794.6%-99.8%
General Industrials11.6%847.7%-99.9%
Industrial Support Services10.7%73,430.8%-99.9%
Oil, Gas and Coal10.6%43,925.8%-99.9%
Industrial Materials10.6%3,362,068.6%-89.1%
Travel and Leisure10.2%20,592.7%-99.8%
Industrial Metals and Mining9.9%59,786.7%-99.6%
Industrial Transportation9.8%91,650%-99.6%
Beverages9.7%978%-97.3%
Construction and Materials9.6%8,452.7%-99.8%
Personal Goods9.6%152,865.7%-69.6%
Consumer Services8.6%5,004.8%-97.8%
Medical Equipment and Services8.4%1,959.3%-99.9%
Telecommunications Service Providers7.5%174,246.6%-77.7%
Real Estate Investment and Services6.7%15,976%-99.9%
Real Estate Investment Trusts6.7%32,203,730.7%-99.8%
Gas, Water and Multi-utilities6.3%205.1%-87.1%
Aerospace and Defense6.2%202,816%-99.9%
Pharmaceuticals and Biotechnology5.9%898,403.1%-99.9%
Electricity5.9%150.5%-99.1%
Closed End Investments5.4%773.1%-99.9%
Chemicals5.4%1,076,737.3%-99.9%
Finance and Credit Services5.1%1,345.4%-76.7%
Software and Computer Services4.8%72,504.8%-99.9%
Banks4.7%227,120.2%-97.2%
Retailers4.6%1,214,633.3%-99.9%
Tobacco4.4%18,102.3%-99.8%
Food Producers4.4%1,801,166.7%-99.4%
Life Insurance2.9%1,247.9%-63.1%
Personal Care, Drug and Grocery Stores2.6%76,418.7%-84.1%
Open End and Miscellaneous Investment Vehicles1.2%9,562,582.1%-99.9%
Health Care Providers-2.9%64,997.1%-99.5%
Precious Metals and Mining-16.6%2,814.4%-99.9%

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