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Thursday, October 17, 2024

Boulder-based Pharmaceuticals and Biotechnology company Brickell Biotech Inc. (BBI:NAQ) sees value rise 85.5% on Sept. 1

Stock market 3 edited

The value in Pharmaceuticals and Biotechnology stocks fell 0.4 percent on Sept. 1 from the previous day.

The strongest performing Pharmaceuticals and Biotechnology company in Colorado was Brickell Biotech Inc. (BBI:NAQ), sitting 85.5 percent higher to sell at $2.44.

Statera Biopharma Inc. (STAB:NAQ) fared the worst among Colorado companies, suffering a 41.2 percent drop to $0.1755.

Among Boulder companies, Brickell Biotech Inc. (BBI:NAQ) saw the highest rise in value of 85.5 percent on Sept. 1.

The Banks industry was the daily best-performing industry on the market. The market is divided into 45 different industries.

Electronic and Electrical Equipment was the worst-performing industry.

Healthcare and technology stocks are viewed as the safest bets for long-term gains.

Besty Kuekcer with Benzinga.com said healthcare-related stocks, such as hospital conglomerates and insurance companies, have weathered numerous economic crises and still make a profit, suggesting that they are generally a stable investment.

While technology stocks can be more risky, given the boom-bust nature of new tech companies, Kuecker recommended a diverse portfolio of tech companies to strike it big when companies succeed or sell to other larger companies.

For short-term investments, Kuecker recommended “consumer discretionary” stocks, which are sensitive to economic changes but can rise greatly on the back of a strong economy.

Nothing in this article is to be assumed as financial advice.

Individual companies can have several different types of shares across many stock markets. It is possible for different types of shares to see different results on the market.

Rank of stock market industries on Sept. 1

Industry% ChangeHighest Positive ChangeLargest Negative Change
Banks26%91,794,391.5%-99.8%
Investment Banking and Brokerage Services10.5%2,741,877.2%-100%
Chemicals8.1%8,051,040.5%-86.7%
Automobiles and Parts7.1%16,625,937.9%-100%
Leisure Goods2.5%4,638,905.5%-100%
Life Insurance2.4%433.6%-63.2%
Real Estate Investment and Services1.9%2,813.8%-99.2%
Industrial Transportation1.8%211,017.9%-100%
Household Goods and Home Construction1.7%1,393.8%-99.6%
Food Producers1.4%12,225,254.1%-100%
Consumer Services1.2%186,873.2%-100%
Precious Metals and Mining1%62,626,803.6%-95%
Medical Equipment and Services0.9%202,044,739.1%-100%
Non-life Insurance0.9%8,572,486.6%-100%
Industrial Engineering0.9%134,133,458.5%-100%
Gas, Water and Multi-utilities0.5%12,842,005.3%-100%
Electricity0.4%125%-100%
Closed End Investments-0.1%17,235,952.3%-100%
Real Estate Investment Trusts-0.2%210,927,120.4%-100%
Open End and Miscellaneous Investment Vehicles-0.3%922,976.9%-100%
Pharmaceuticals and Biotechnology-0.4%273,816,462.8%-100%
Waste and Disposal Services-0.6%1,522%-81.1%
Personal Goods-0.7%1,599,923.7%-92.3%
General Industrials-0.9%468,077.5%-100%
Media-1.1%508,096.3%-100%
Retailers-1.1%57,381,526.1%-100%
Technology Hardware and Equipment-1.5%4,064,706.5%-99.2%
Travel and Leisure-1.8%18,604,052.5%-100%
Oil, Gas and Coal-2.5%87,629,529.6%-100%
Aerospace and Defense-2.8%142,455,446.1%-100%
Industrial Support Services-2.8%58,449,343.9%-100%
Software and Computer Services-2.8%126,062,060.6%-100%
Telecommunications Service Providers-3%3,885.3%-91.1%
Personal Care, Drug and Grocery Stores-3.7%163,295.8%-100%
Mortgage Real Estate Investment Trusts-5%4,592,575.2%-100%
Alternative Energy-5.1%116,808,233.3%-100%
Construction and Materials-5.7%44,701,078.8%-100%
Health Care Providers-6.8%58,110,407.3%-100%
Industrial Metals and Mining-6.8%303,214,185.7%-94.2%
Industrial Materials-8.6%18,448.3%-100%
Tobacco-12.5%766.8%-100%
Finance and Credit Services-14.3%339.2%-94.7%
Beverages-17%4,658,073.4%-71.9%
Telecommunications Equipment-21.5%208.2%-100%
Electronic and Electrical Equipment-29%178,550.8%-98.5%

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