Today is relatively a mixed bag for stocks, as six of the major 11 sectors that make up the S&P 500 are trading in negative territory. While we could dig into sector rotation and relative strength all day long, we’d prefer to point out a few standouts with the healthcare sector.
OTC Standouts:
There were two specific healthcare companies that, while not making any headlines, stood out in the overall market strictly due to today’s performance.
PPJ Healthcare Enterprises Inc. (OTC-PNK:PPJE) found tremendous success today as shares of this micro cap traded up to $.001/share (+122%) at the session high. This move was on absolutely huge volume as total shares traded rose over 525 million with still an hour left of trade.
PPJ Healthcare Enterprises Inc. engages in joint venturing with doctors in setting up new practices, marketing, and management of pain management practices and blood culture labs. The company also engages in development and testing of medical marijuana, medical cannabis products, and in medical billing specialties in anesthesiology. The projects of the company include automated biller, medical billing service, pain management center, and medical marijuana-cannabis potency testing.
The other company worthy of mention due to the success the stock found today is MJ Biotech Inc. (OTC-PNK:MJTV). Shares of this Florida-based company shot up to $.014/share (+159%) at the session high. Much like the former-mentioned company, this move was on massive volume, with over 207 million shares traded, which is roughly 10X the normal daily volume!
MJ Biotech Inc. focuses on the distribution of Hemp (CBD) based Tea products. The company’s focus is to pursue health/biotech and sector related companies that offer healthcare solutions ranging from cutting edge to traditional options.