As the rotation out of high-flying tech stocks continues, the healthcare sector has been a major beneficiary. Over the past three months, that corner of the market has been one of the strongest performers among the S&P 500’s 11 sectors with a nearly 12% gain.
Hims & Hers Health (NYSE: HIMS), the telehealth platform that provides direct-to-consumer (D2C) personal care products and virtual medical services, has played a role in that rally. Since May 5, shares are up more than 22%.