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) pushed the Drugs industry lower today making it today's featured Drugs laggard. The industry as a whole closed the day down 1.8%. By the end of trading, Biogen Idec fell $15.64 (-5.0%) to $294.12 on heavy volume. Throughout the day, 2,530,032 shares of Biogen Idec exchanged hands as compared to its average daily volume of 1,564,900 shares. The stock ranged in price between $292.67-$314.19 after having opened the day at $305.01 as compared to the previous trading day's close of $309.76. Other companies within the Drugs industry that declined today were:
), down 15.6%,
), down 14.5%,
), down 12.4% and
), down 12.4%.
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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 $72.3 billion and is part of the health care sector. Shares are up 10.8% year to date as of the close of trading on Thursday. Currently there are 14 analysts that rate Biogen Idec a buy, no analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
- You can view the full Biogen Idec Ratings Report.
On the positive front,
), up 17.8%,
), up 11.4%,
), up 9.0% and
), up 7.9% , 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.