NEW YORK (

TheStreet

) --

Alere

(NYSE:

ALR

) is trading at unusually high volume Wednesday with 2.4 million shares changing hands. It is currently at four times its average daily volume and trading down $3.81 (-11.2%) at $30.27 as of 11:23 a.m. ET.

Alere has a market cap of $3 billion and is part of the

health care

sector and

health services

industry. Shares are down 6.9% year to date as of the close of trading on Tuesday.

Alere Inc. engages in the development, manufacture, and marketing of consumer and professional medical diagnostic products in the United States and internationally.

TheStreet Ratings rates Alere as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and disappointing return on equity. You can view the full

Alere Ratings Report

.

See all heavy volume stocks in our

stocks moving on unusual volume list

or get investment ideas from our

investment research center

.

Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting

HVDOWN

to 95370 or select from

multiple alert options

.

null