
Today’s market had a clear bullish inclination, particularly in the overall healthcare sector. The sector ETF XLV was up over +0.90%, but the biotech ETF IBB lagged behind at +0.61%. We saw very strong movement in MRK, which was up over +1.40% and reached a high of $76.10 as of the time this content was created. On the negative side, ACHC was hammered after it was reported that buyout talks with KKR had stalled. The stock was down as low as just above $28.00 per share after opening near $38 at the beginning of the session. Here’s a recap of what happened.