Healthcare Stock Mallinckrodt Emerged as One of the Top Stocks

Renee Blakely - Author

Dec. 31 2015, Published 1:58 p.m. ET

Top stocks

The stocks at the top of the SPDR S&P 500 ETF (SPY) on December 30 were Allegheny Technologies (ATI), Mallinckrodt (MNK), and Tesoro (TSO). These stocks gained 2.7%, 2.4%, and 1.4%, respectively, on the day. The following graph presents the performances of the stock price movement of Mallinckrodt (MNK) and the Health Care Select Sector SPDR ETF (XLV) since October 2015.

Mallinckrodt (MNK) has a beta value of 1.49, implying that the stock is highly volatile. The ETF weight of the stock is 0.08%. The MNK stock performed well in the last month, and its trailing-one-month return was 11.7%. The RSI (Relative Strength Index ) of the stock is 60, implying that the stock is not undervalued or overbought. MNK traded at $75.9, and that was above its moving averages. Its 100-day, 50-day, and 20-day moving averages are $73, $68, and $73, respectively.

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When compared to the analyst target price of $97.5, the upward movement potential for the stock is 28.5%. The stock has earned 12 “Buy,” three “Hold,” and no “Sell” recommendations. Standard & Poor’s has rated the stock as “BB-” with a negative outlook. The trading volume of the stock on December 30 was 897,836 stocks while it was 729,210 on the previous day.

Bottom stocks

Stocks at the bottom of the SPY ETF on December 30 were Denbury Resources (DNR), Southwestern Energy (SWN), and Range Resources (RRC). These stocks yielded -8.8%, -6.8%, and -6.6%, respectively, on the day. The plummeting oil prices were responsible for the fall in the prices of these stocks. The airline stocks Southwest Airlines (LUV) and Delta Air Lines (DAL) fell 2.2% and 1.9%, respectively, on December 30 after flights were cancelled across the United States owing to storms and icy weather.

Let’s quickly look at the key stocks of the UK stock market as well.


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