AstraZeneca PLC (AZN): Today's Featured Drugs 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 Drugs industry lower today making it today's featured Drugs laggard. The industry as a whole closed the day up 1.1%. By the end of trading, AstraZeneca fell $0.51 (-1.0%) to $49.64 on light volume. Throughout the day, 1,327,357 shares of AstraZeneca exchanged hands as compared to its average daily volume of 1,775,300 shares. The stock ranged in price between $49.62-$50.00 after having opened the day at $49.62 as compared to the previous trading day's close of $50.15. Other companies within the Drugs industry that declined today were:
(
), down 42.8%,
(
), down 9.9%,
(
TheStreet Recommends
), down 9.6% and
IntelliPharmaCeutics International
(
), down 7.8%.
AstraZeneca PLC engages in the discovery, development, and commercialization of prescription medicines for cardiovascular, gastrointestinal, neuroscience, infection, oncology, and respiratory and inflammation diseases worldwide. AstraZeneca has a market cap of $63.2 billion and is part of the health care sector. Shares are up 6.2% year to date as of the close of trading on Wednesday. Currently there is 1 analyst that rates AstraZeneca a buy, 2 analysts rate it a sell, and 5 rate it a hold.
TheStreet Ratings rates
AstraZeneca
as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full AstraZeneca Ratings Report.
On the positive front,
(
), up 33.1%,
(
), up 15.4%,
(
), up 8.6% and
(
), up 8.0% , were all gainers within the drugs industry with
(
) being today's featured drugs industry leader.
- 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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