Hazmat Suit Company Goes Wild
MN Chan / Getty Images
Lakeland Industries, which makes hazmat suits and other industrial protective gear, has seen shares gain more than 40% since the first case of Ebola was confirmed in the US last Tuesday.
In afternoon trade on Tuesday, the stock was up nearly 20%.
Shares of a number of drugmakers. including Tekmira, BioCryst, and Chimerix, have been rallying as the virus has spread throughout the summer. Each of these companies is working on a cure for Ebola, but to date the most popular experimental treatment for the virus is manufactured by privately-held Mapp Pharmaceuticals.
Tekmira's TKM-Ebola has been used to treat at least one patient, but according to the AP the supply of that drug remains limited.
In contrast shares of some travel-related companies have been hurt by fears that Ebola will hamper international travel, with a number of European airline and cruise stocks falling after officials confirmed that a nurse in Spain contracted the first case of Ebola outside of West Africa.
Here's a chart showing the recent moves in Lakeland stocks as Ebola news has broken over the last week or so.
Google Finance
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- From terrace to table: 8 Edible plants you can grow in your home
- India fourth largest military spender globally in 2023: SIPRI report
- New study forecasts high chance of record-breaking heat and humidity in India in the coming months
- Gold plunges ₹1,450 to ₹72,200, silver prices dive by ₹2,300
- Strong domestic demand supporting India's growth: Morgan Stanley