Thursday Sector Leaders: Biotechnology, Defense Stocks
In trading on Thursday, biotechnology shares were relative leaders, up on the day by about 1.2%. Leading the group were shares of Iovance Biotherapeutics ( IOVA ), up about 24.6% and shares of La Jolla Pharmaceutical Company ( LJPC ) up about 11.6% on the day.
Also showing relative strength are defense shares, up on the day by about 1% as a group, led by Northrop Grumman ( NOC ), trading up by about 3.6% and Arotech Corporation ( ARTX ), trading up by about 2.8% on Thursday.
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