Biogen Idec Inc (BIIB): Today's Featured Health Care Loser
(
) pushed the Health Care sector lower today making it today's featured Health Care loser. The sector as a whole closed the day down 0.8%. By the end of trading, Biogen Idec Inc fell 73 cents (-0.7%) to $109.20 on light volume. Throughout the day, 812,605 shares of Biogen Idec Inc exchanged hands as compared to its average daily volume of two million shares. The stock ranged in price between $108.90-$110.24 after having opened the day at $108.90 as compared to the previous trading day's close of $109.93. Other company's within the Health Care sector that declined today were:
(
), down 13.3%,
(
), down 11.5%,
Spherix Inc
(
SPEXD
), down 10.4%, and
(
), down 10.4%.
Biogen Idec Inc., a biotechnology company, discovers, develops, manufactures, and markets therapeutics in the areas of neurology, immunology, hemophilia, and oncology in the United States and internationally. Biogen Idec Inc has a market cap of $27.57 billion and is part of the
industry. The company has a P/E ratio of 22.9, below the average drugs industry P/E ratio of 23.6 and above the S&P 500 P/E ratio of 17.7. Shares are up 64% year to date as of the close of trading on Wednesday.
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, impressive record of earnings per share growth and increase in net income. 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 44.8%,
American Caresource Holdings Inc
(
), up 13.5%,
(
), up 12.2%, and
(
), up 11.6%, were all gainers within the health care sector with
(
) being today's featured health care sector winner.
- 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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