Sector Update: Health Care Stocks Rise Pre-Bell Wednesday

Health care stocks rose pre-bell Wednesday, with the Health Care Select Sector SPDR Fund XLV recently 0.3% higher and the iShares Biotechnology ETF IBB up 0.6%.

Arcutis Biotherapeutics ARQT rallied past 13% after the company reported a narrower loss and higher revenue in Q1.

Prestige Consumer Healthcare PBH fell more than 10% after the company reported a surprise drop in fiscal Q4 earnings and sales.

GoodRx Holdings GDRX said it has signed a direct contracting agreement with supermarket chain Kroger KR to deliver lower prescription prices at over 2,200 Kroger pharmacy locations in the US. GoodRx Holdings was up 3% pre-bell.