Jaguar Health Inc's stock price increased by 19.05% in pre-market trading as it crossed above the 5-day SMA, indicating a strong upward momentum despite broader market declines.
The rise in Jaguar Health's stock is attributed to sector rotation, as investors are shifting their focus towards healthcare stocks amid the overall weakness in the Nasdaq-100 and S&P 500 indices, which are down 0.91% and 0.67%, respectively. This shift suggests that investors are seeking opportunities in sectors that may perform better in the current market environment.
This movement could signal a positive outlook for Jaguar Health as it gains traction among investors looking for growth in the healthcare sector, especially during times of market uncertainty.
Jaguar Health, Inc. is a commercial stage pharmaceuticals company. The Company is developing prescription medicines sustainably derived from plants from rainforest areas for people and animals with gastrointestinal distress, specifically associated with overactive bowel, which includes symptoms such as chronic debilitating diarrhea, urgency, bowel incontinence, and cramping pain. Its marketed drug Mytesi, (crofelemer 125 mg delayed-release tablets), is a first-in-class oral botanical drug product approved by the FDA for the symptomatic relief of noninfectious diarrhea in adults with HIV/AIDS on antiretroviral therapy. Its Canalevia-CA1, crofelemer delayed-release tablets drug, is an oral plant-based prescription product that is FDA conditionally approved to treat chemotherapy-induced diarrhea in dogs. It has an exclusive distribution agreement for the sale of Gelclair. It is developing a pipeline of prescription drug product candidates to address unmet needs in gastrointestinal health.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.