Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Drugs industry lower today making it today's featured Drugs laggard. The industry as a whole closed the day up 0.8%. By the end of trading, Biogen Idec fell $2.44 (-1.1%) to $212.76 on average volume. Throughout the day, 1,947,648 shares of Biogen Idec exchanged hands as compared to its average daily volume of 1,396,000 shares. The stock ranged in price between $211.23-$217.80 after having opened the day at $216.88 as compared to the previous trading day's close of $215.20. Other companies within the Drugs industry that declined today were:
), down 61.1%,
), down 13.5%,
), down 13.2% and
), down 11.0%.
- EXCLUSIVE OFFER: Jim Cramer's Protege, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
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 $48.0 billion and is part of the health care sector. The company has a P/E ratio of 35.3, above the S&P 500 P/E ratio of 17.7. Shares are up 38.9% year to date as of the close of trading on Monday.
TheStreet Ratings rates Biogen Idec as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Biogen Idec Ratings Report.
On the positive front,
), down 24.1%,
), down 15.0%,
), down 13.6% and
), down 13.3% , 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
- Find other investment ideas from our top rated ETFs lists.
Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.