Celgene Corporation (CELG): Today's Featured Drugs Laggard
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 down 0.6%. By the end of trading, Celgene Corporation fell 80 cents (-1.1%) to $70.83 on light volume. Throughout the day, 1.1 million shares of Celgene Corporation exchanged hands as compared to its average daily volume of 3.6 million shares. The stock ranged in price between $70.42-$71.58 after having opened the day at $71.17 as compared to the previous trading day's close of $71.63. Other companies within the Drugs industry that declined today were:
(
), down 16.6%,
(
), down 10.5%,
(
TheStreet Recommends
), down 9.9%, and
(
), down 9.2%.
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Celgene Corporation, a biopharmaceutical company, discovers, develops, and commercializes various therapies to treat cancer and immune-inflammatory related diseases primarily in the United States and Europe. Celgene Corporation has a market cap of $31.07 billion and is part of the
sector. The company has a P/E ratio of 21, equal to the average drugs industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 6.5% year to date as of the close of trading on Wednesday. Currently there are 25 analysts that rate Celgene Corporation a buy, no analysts rate it a sell, and two rate it a hold.
TheStreet Ratings rates Celgene Corporation as a
. 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
- You can view the full Celgene Ratings Report.
On the positive front,
(
), up 21.7%,
(
), up 14.3%,
(
), up 10.6%, and
(
), up 9.6%, 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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