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Irvine-based Pharmaceuticals and Biotechnology company Eledon Pharmaceuticals Inc. (ELDN:NAQ) sees value fall 63% on Jan. 26
The strongest performing Pharmaceuticals and Biotechnology company in California was Evolus Inc. (EOLS:NMQ), sitting 258,019.5 percent higher to sell at $10.5.
(APGN:NAQ) fared the worst among California companies, suffering a 100 percent drop to $2.13.
Among Irvine companies, Eledon Pharmaceuticals Inc. (ELDN:NAQ) saw the biggest fall in value of 63 percent on Jan. 26.
The Leisure Goods industry was the daily best-performing industry on the market. The market is divided into 46 different industries.
Consumer Discretionary was the worst-performing industry.
Healthcare and technology stocks are viewed as the safest bets for long-term gains.
Besty Kuekcer with Benzinga.com said healthcare-related stocks, such as hospital conglomerates and insurance companies, have weathered numerous economic crises and still make a profit, suggesting that they are generally a stable investment.
While technology stocks can be more risky, given the boom-bust nature of new tech companies, Kuecker recommended a diverse portfolio of tech companies to strike it big when companies succeed or sell to other larger companies.
For short-term investments, Kuecker recommended “consumer discretionary” stocks, which are sensitive to economic changes but can rise greatly on the back of a strong economy.
Nothing in this article is to be assumed as financial advice.
Individual companies can have several different types of shares across many stock markets. It is possible for different types of shares to see different results on the market.
| Industry | % Change | Highest Positive Change | Largest Negative Change |
|---|---|---|---|
| Leisure Goods | 188% | 5,555.8% | -100% |
| Automobiles and Parts | 174.7% | 2,718,570.7% | -100% |
| Real Estate Investment and Services | 84.7% | 346,126.4% | -100% |
| Aerospace and Defense | 83.9% | 21,223% | -100% |
| Food Producers | 32.2% | 10,588,113.2% | -99.9% |
| Health Care Providers | 29.3% | 143,999,900% | -100% |
| Electronic and Electrical Equipment | 25.2% | 5,844,389.5% | -100% |
| Pharmaceuticals and Biotechnology | 25% | 41,526,390.3% | -100% |
| Life Insurance | 24.8% | 415.1% | -100% |
| Medical Equipment and Services | 12.5% | 11,918,989.9% | -100% |
| Software and Computer Services | 7.7% | 71,540,430.4% | -100% |
| Electricity | 5.7% | 25,392,749.1% | -100% |
| Household Goods and Home Construction | 5.5% | 51,768.3% | -100% |
| General Industrials | 4.9% | 108,258,737.6% | -59.5% |
| Industrial Support Services | 4.4% | 84,201,786.4% | -100% |
| Industrial Transportation | 4.2% | 1,285,180.6% | -96.6% |
| Alternative Energy | 1.3% | 11,855,980.7% | -99.9% |
| Beverages | 0.5% | 115.6% | -100% |
| Chemicals | 0.2% | 465,587.4% | -99.9% |
| Closed End Investments | -0.7% | 31,502,504.1% | -100% |
| Oil, Gas and Coal | -1.4% | 38,257,592.3% | -100% |
| Open End and Miscellaneous Investment Vehicles | -1.7% | 55,668,761.4% | -100% |
| Industrial Metals and Mining | -3.9% | 8,929,017.4% | -100% |
| Gas, Water and Multi-utilities | -4.6% | 19.3% | -100% |
| Personal Care, Drug and Grocery Stores | -5.9% | 2,240,634.3% | -100% |
| Technology | -6.1% | 3,505,802% | -79.4% |
| Mortgage Real Estate Investment Trusts | -6.5% | 6,214.6% | -100% |
| Media | -7.3% | 3,381,398.3% | -100% |
| Telecommunications Equipment | -8.2% | 27,544,165.3% | -100% |
| Construction and Materials | -8.9% | 58,071,411.9% | -100% |
| Industrial Engineering | -11.1% | 1,149,634.6% | -100% |
| Technology Hardware and Equipment | -11.5% | 75,502.8% | -100% |
| Non-life Insurance | -11.6% | 127,288.8% | -100% |
| Real Estate Investment Trusts | -11.7% | 44,401,043.3% | -100% |
| Banks | -12.1% | 34,903,746.2% | -99.6% |
| Industrial Materials | -14% | 32% | -100% |
| Consumer Services | -15.7% | 1,119,262.8% | -100% |
| Investment Banking and Brokerage Services | -16.8% | 73,555,491.7% | -100% |
| Precious Metals and Mining | -19.5% | 7,566.3% | -99.9% |
| Travel and Leisure | -19.8% | 13,804,704.2% | -100% |
| Retailers | -22.2% | 6,264,900% | -100% |
| Telecommunications Service Providers | -23.1% | 5,347,246.3% | -96.3% |
| Waste and Disposal Services | -24.7% | 2,220.4% | -100% |
| Personal Goods | -28.4% | 493,014.3% | -99.9% |
| Finance and Credit Services | -32.7% | 18,350,106.4% | -28.4% |
| Consumer Discretionary | -33.2% | 1,023.6% | -81.5% |