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Hazmat Suit Company Goes Wild

Oct 7, 2014, 22:00 IST

Traders think people are going to need hazmat suits to ward off Ebola.

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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.

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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.

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