<< Read Full Article

Generic-Drug Stocks Still Under the Weather

Stock quotes in this article: TEVA , MYL , BRL , PRX , WPI , NVS , SHPGY  

An outbreak of Big Pharma flu has struck the generic-drug industry, causing sickening returns for investors who had been counting on these defensive investments during economic uncertainty.

Shares of most major generic-drugmakers have traded below the S&P 500 for the 12 months ended May 23, and that index was off nearly 10%.

In addition, several generic-drug makers have performed below an index of large-drug companies, and that's a big target to miss. The Amex Pharmaceutical Index is down 19%. ...

<< Read Full Article

Recent Comments

Loading .....




Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.12
Oil *
77.12
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.67
10 Yr
3.21%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
-2.04%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services