Day: October 26, 2020

2 Top Healthcare Stocks That Jumped Last Week

Last week wasn’t a great one for the overall stock market, but it worked out well for investors holding some of the best stocks in the healthcare sector. 

Company (Symbol) Price Change During Week Ended Oct. 23, 2020  Market Cap
Align Technology (NASDAQ:ALGN) 40% $37 billion
Kodiak Sciences (NASDAQ:KOD) 26% $4.3 billion

Data source: Yahoo! Finance.

Here’s what drove these stocks higher, and why they can probably keep on climbing.

1. Align Technology: A big rebound 

Translucent braces are increasingly popular, and this company markets a leading brand, Invisalign. Shares of Align Technology shot up last week after the company reported third-quarter revenue that rose 20.9% year over year to $734 million.

Two healthcare professionals looking at a chart.

Image source: Getty Images.

Efforts to contain the global COVID-19 pandemic led Wall Street to assume much of Align’s business would be gobbled up by its main competitor, SmileDirectClub (NASDAQ:SDC), which

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