In trading on Monday, biotechnology shares were relative laggards, down on the day by about 3.1%. Helping drag down the group were shares of Galena Biopharma (NASDAQ:GALE), off about 17.8% and shares of Vanda Pharmaceuticals (NASDAQ:VNDA) off about 14.1% on the day.
Also lagging the market Monday are shipping shares, down on the day by about 3% as a group, led down by Genco Shipping & Trading Limited (GNK), trading lower by about 11.1% and Danaos (NYSE:DAC), trading lower by about 8.1%.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.