💊 IBRX Drops on Profit-Taking, UTHR Rallies on New Drug | Biotech Sector Insights
The iShares Biotechnology ETF (IBB) fell about 0.4%, with losses across holdings including IQVIA, MannKind, Biogen, Waters, and Cytokinetics weighing on performance. The decline comes alongside a modest drop in the Russell 2000, reflecting softer sentiment toward biotech and small-cap growth stocks.
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Wednesday, February 25
IBB [-0.4%]
iShares Biotechnology ETF
The iShares Biotechnology ETF (IBB) has experienced a decline of 0.4% since Tuesday. Conversations on social media have highlighted shifting perceptions regarding asset values in China, noting that it is no longer seen as a source of inexpensive deals. This discussion includes mentions of ETFs such as XBI and IBB. Among the ETF's holdings, significant movements were noted with contributors such as IQV, MNKD, BIIB, WAT, and CYTK all showing marked declines. Additionally, the Russell 2000 Index has dropped slightly, reflecting broader market sentiment that may be relevant to the current dynamics affecting IBB.