Actavis Inc (ACT): Today's Featured Drugs Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Drugs industry higher today making it today's featured drugs winner. The industry as a whole closed the day up 0.2%. By the end of trading, Actavis rose $2.27 (1.9%) to $124.35 on light volume. Throughout the day, 1,250,461 shares of Actavis exchanged hands as compared to its average daily volume of 1,714,000 shares. The stock ranged in a price between $122.04-$125.32 after having opened the day at $122.08 as compared to the previous trading day's close of $122.08. Other companies within the Drugs industry that increased today were:
(
), up 38.5%,
(
), up 32.5%,
(
), up 9.3% and
(
), up 7.9%.
Actavis, Inc., an integrated specialty pharmaceutical company, engages in developing, manufacturing, marketing, selling, and distributing generic, branded generic, brand, biosimilar, and over-the-counter pharmaceutical products worldwide. Actavis has a market cap of $15.7 billion and is part of the health care sector. Shares are up 42.0% year to date as of the close of trading on Wednesday. Currently there are 12 analysts that rate Actavis a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
Actavis
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Actavis Ratings Report.
On the negative front,
Senesco Technologies
(
SNTI
), down 11.6%,
(
), down 10.8%,
(
), down 10.3% and
(
), down 8.1% , were all laggards within the drugs industry with
(
) being today's drugs industry laggard.
- Use our drugs section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the drugs industry could consider
(
) while those bearish on the drugs industry could consider
ProShares UltraShort Nasdaq Biotech
(
).
- Find other investment ideas from our top rated ETFs lists.
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