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Here are Tuesday’s top stories:
Dendreon Corporation (NASDAQ:DNDN) shares fall more than 20 percent on Tuesday, subsequent to its bleak second quarter earnings report and restructuring announcement late Monday. In reaction, Deutsche Bank, JPMorgan, and Lazard all downgraded the shares, while Jefferies and Baird both reduced their price targets.
Humana Inc. (NYSE:HUM) sneezed, and shares of Aetna, Inc. (NYSE:AET), WellPoint, Inc. (NYSE:WLP), and UnitedHealth Group Inc. (NYSE:UNH) all caught cold, subsequent to the former missing its second quarter earnings and reducing its margins outlook on Monday.
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