Health Care Stocks Lower

Health care stocks were mostly lower this afternoon, with the NYSE Health Care Index sinking about 0.4% while shares of health care companies in the S&P 500 were down almost 0.6% as a group. In company news, Myovant Sciences Ltd (MYOV) jumped on Thursday, reaching a session high of $12.47 a share, after analysts at Evercore ISI today began analyst coverage of the early-state biotech company with an outperform rating and a $35 price target. Myovant last week reported a fiscal Q1 net loss of $0.39 per share, improving on a $0.47 loss during the same quarter last year.

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