Although the S&P 500 (INDEXSP:.INX) has been particularly range bound throughout the last week, there were stocks that performed exceptionally well during the same period. While the best performing stock, GameStop Corp (NYSE:GME), was up nearly 20%, others like Amgen, Inc. (NASDAQ:AMGN) and UnitedHealth Group Inc. (NYSE:UNH), from the healthcare industry, saved the day for investors.
GameStop, the best star performer of the week, is into the business of selling old and new video games, video game hardware, computer games, gaming accessories and is a provider of after-sales services and repairs. The company continued its run throughout the week and was last trading at $30.24, up nearly 20% over its previous week’s close. The stock performance clearly indicates the demand entertainment products in the market.
The healthcare industry was another star-performer, with stocks like Amgen, Inc. (NASDAQ:AMGN) and UnitedHealth Group Inc. (NYSE:UNH) taking the lead.
Headquartered in thousand oaks, California, Amgen Inc. has global presence including United States, Canada, Mexico, South America, Europe, Australia and Asia. Amgen Inc. is a fortune 500 company and a leader in biotechnology specializing in drugs for cancer, kidney diseases, bone diseases and rheumatoid arthritis among others. Epogen and Neupogen are two most successful bio pharmaceutical products from the company’s stable. Amgen Inc. is also very aggressive when it comes to research and development (R&D). The company is successfully using human protein as therapeutic agents for last more than 30 years. Their R&D divisions and clinical development offices are spread all over the world. Amgen Inc. was last trading at $ 106.4 up 9.91% from its opening price on the day the week begin.
Other stocks worth a mention are Humana Inc. (NYSE:HUM), which was up 19.07%, and Biogen Idec Inc. (NASDAQ:BIIB), up 12.47% from the close of the previous week.
With 4 out of 5 companies–including Amgen, Inc. (NASDAQ:AMGN) and UnitedHealth Group Inc. (NYSE:UNH)–in the top 20 from the healthcare business, it would be safe to assume that the past week belonged to this industry.