The sell-off on Wall Street yesterday hit two medical device makers particularly hard, sending their share prices to 52-week lows as investors reacted to the ongoing debt crisis in Europe.
The suffering on The Street for Boston Scientific (NYSE:BSX) and Hologic (NYSE:HOLX) continued this morning, with both companies’ shares opening below their closing prices yesterday.
BSX shares lost 5.3 percent yesterday, hitting its yearlong low of $5.50 before closing at $5.53. The opening price was $5.41 this morning, down another 2.2 percent, before regaining the $5.50 mark as of about 10:15.
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HOLX shares fared a little better today, after losing 6.1 percent yesterday on their way to a $14.23 close, 3 cents above its $14 52-week low. Hologic opened down 1.1 percent at $14.07, before rallying to $14.26 by about 10:20.