Biogen Idec Inc (BIIB): Today's Featured Health Care Laggard
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 Health Care sector lower today making it today's featured Health Care laggard. The sector as a whole closed the day down 0.2%. By the end of trading, Biogen Idec fell $9.02 (-3.9%) to $222.66 on average volume. Throughout the day, 1,703,015 shares of Biogen Idec exchanged hands as compared to its average daily volume of 1,472,600 shares. The stock ranged in price between $221.91-$231.83 after having opened the day at $231.55 as compared to the previous trading day's close of $231.67. Other companies within the Health Care sector that declined today were:
(
), down 33.4%,
(
), down 13.5%,
(
), down 12.0% and
(
), down 10.6%.
Biogen Idec Inc. discovers, develops, manufactures, and markets therapies for the treatment of neurodegenerative diseases, hemophilia, and autoimmune disorders in the United States and internationally. Biogen Idec has a market cap of $54.7 billion and is part of the drugs industry. Shares are up 57.3% year to date as of the close of trading on Monday. Currently there are 12 analysts that rate Biogen Idec a buy, no analysts rate it a sell, and 9 rate it a hold.
TheStreet Ratings rates
Biogen Idec
as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full Biogen Idec Ratings Report.
On the positive front,
IntelliPharmaCeutics International
(
), up 56.0%,
(
), up 36.0%,
(
), up 21.5% and
Bacterin International Holdings
(
), up 16.9% , were all gainers within the health care sector with
(
) being today's featured health care sector leader.
- Use our health care section to find sector-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 health care sector could consider
Health Care Select Sector SPDR
(
) while those bearish on the health care sector could consider
ProShares Ultra Short Health Care
(
).
- Find other investment ideas from our top rated ETFs lists.
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