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|
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.