News headlines about iShares NASDAQ Biotechnology Index (NASDAQ:IBB) have trended positive this week, Accern reports. The research group identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. iShares NASDAQ Biotechnology Index earned a coverage optimism score of 0.35 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.6596387342635 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
Shares of iShares NASDAQ Biotechnology Index (NASDAQ:IBB) traded down $0.40 during trading hours on Friday, hitting $110.36. The stock had a trading volume of 1,926,950 shares, compared to its average volume of 3,330,000. iShares NASDAQ Biotechnology Index has a 12-month low of $94.20 and a 12-month high of $119.30. The company has a market cap of $9,670.00, a price-to-earnings ratio of 3.64 and a beta of 1.37.
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About iShares NASDAQ Biotechnology Index
iShares Nasdaq Biotechnology ETF (the Fund), formerly iShares Nasdaq Biotechnology Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the NASDAQ Biotechnology Index (the Index). The Index contains securities of NASDAQ listed companies that are classified according to the Industry Classification Benchmark as either biotechnology or pharmaceuticals, which also meet other eligibility criteria determined by NASDAQ.
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