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Market Overview

Worst Performing Industries For August 7, 2015

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The Dow fell 0.44 percent to 17,463.11, while the NASDAQ composite index fell 0.95 percent to 5,090.98. The broader Standard & Poor's 500 index slipped 0.47 percent to 2,089.89.

The worst performing industries in the market today are:

Drug Delivery: This industry declined 1.7 percent by 11:00 am with Adamis Pharmaceuticals Corp (NASDAQ: ADMP) moving down 2.7 percent. On Thursday, Adamis Pharma issued an update on its NDA with the FDA for its Epinephrine Pre-filled Syringe product.

Health Care Plans: The industry dropped 1.3 percent by 11:00 am. The worst performer in this industry was Connecture Inc (NASDAQ: CNXR), which declined 19 percent. On Thursday, Connecture posted a Q2 loss of 0.20 per share on revenue of $23.4 million.

Foreign Money Center Banks: This industry tumbled 1.1 percent by 11:00 am. The worst stock within the industry was Lloyds Banking Group PLC (ADR) (NYSE: LYG), which fell 2.3 percent. Lloyds Banking's PEG ratio is 2.90.

Sporting Goods Stores: This industry fell 1 percent by 11:00 am ET. Cabelas Inc (NYSE: CAB) shares dropped 1.4 percent in today's trading. Credit Suisse maintained outperform on Cabelas and lowered the price target to $54 from $62.

 

Related Articles (ADMP + CNXR)

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Posted-In: Worst Performing IndustriesNews Movers & Shakers Intraday Update Markets

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