Why Alnylam Pharmaceuticals, Intuitive Surgical, and ResMed Stocks Sank Today
Healthcare stocks weren't immune to the overall stock market sell-off on Thursday caused by increased worries about novel coronavirus COVID-19. Shares of Alnylam Pharmaceuticals (NASDAQ: ALNY) closed 8.6% lower after falling as much as 11.7% earlier in the day. ResMed (NYSE: RMD) stock dropped 11.4%, and shares of Intuitive Surgical (NASDAQ: ISRG) finished the day down 10.2%.
Few stocks can swim against the current during a massive market meltdown. That's true even when the companies' prospects shouldn't be impacted very much by the reason behind the crash. And for Alnylam, ResMed, and Intuitive Surgical, business should proceed as usual, even with a global pandemic raging.
Image source: Getty Images.
Source Fool.com
