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Medifast Inc. (NYSE: MED) shares declined 3.67 percent to close at $26.48 a share Wednesday. The stock traded between $25.34 and $27.19 on volume 440,160 shares traded. The company reported net revenue increased 4 percent to $97.1 million in the second quarter of 2013, which fell short of analysts’ expectations.
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Nanosphere, Inc. (NASDAQ: NSPH) shares dropped 29.11 percent to close at $2.07 a share Wednesday. The stock traded between $1.95 and $2.29 on volume of 5.08 million shares traded. Jefferies analyst Brandon Couillard has downgraded the company’s rating to “hold” after reporting disappointing second quarter results.
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Santarus, Inc. (NASDAQ: SNTS) shares spiked 9.61 percent to close at $27.26 a share Wednesday. The stock traded between $26.25 and $28.10 on volume of 6.46 million shares traded. The company reported total revenues were $89.4 million for the second quarter of 2013, an increase of 89 percent when compared to a year ago. Shares of Santarus have gained nearly 150.0 percent year-to-date.
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WellCare Health Plans, Inc. (NYSE: WCG) shares jumped 7.78 percent to close at $65.28 a share Wednesday. The stock traded between $63.30 and $68.17 on volume of 2.15 million shares traded. The company reported total revenues were $2.33 billion for the second quarter of 2013, an increase of 29 percent when compared to a year ago. Shares of WellCare Health Plans have gained approximately 34.0 percent year-to-date.
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