Medivation was upgraded to hold from sell by TheStreet Ratings on Tuesday. TheStreet Ratings gives Medivation a C grade. The stock closed Friday at $82.99 and has risen 79.77% year to date.
Chinese indices rise and the renminbi is pegged lower against the dollar after a one-week holiday, while Hong Kong and Japan take a break.
The divestiture is part of the company's drive to become a fully regulated utility and reduce business risks.