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June 29, 2023
Today at a glance: an influx of sellers pushed the US-German healthcare company to session lows around $23.41 while establishing a $23.41 to $23.51 session range today.
United States's Pending Home Sales new data released of -2.7% below its previous figure.
Highly important Pending Home Sales data from United States beat analyst expectations of -0.5% with a reading of -2.7%.
This down-slide takes place despite the positive US macroeconomics indicators data that was published earlier — highly important GDP data from United States beat analyst expectations of 1.4 with a reading of two. Data for United States Initial Jobless Claims published today at 12:30 UTC came out at 239,000, beating projections of 266,000 and showing improvement over the preceding figure of 265,000.
Visual analysis of Fresenius Medical Care's chart shows that Fresenius Medical Care AG & Co. KGaA could begin to recover as it approaches significant support, now 14 cents away from $23.29. Dipping below could be an indication that further losses are ahead.
Fresenius Medical Care was not the only decliner in the health care sector; Sanofi went down 1.4%, closed at $53.74.
On the other hand, positive performances could be seen by looking at other health care stocks as Eli Lilly and Company traded at $464.49 after closing today's trading day at $458.7 (up 1.26%). Intuitive Surgical was up 1.65%.
Furthermore, United States Core PCE Price Index (MoM) (May) scheduled to come out tomorrow at 12:30 UTC.
The past 6 months have been positive for the kidney dialysis specialist as it appreciated 51.12%, having traded as low as $12.81.
