Dendreon Corp (DNDN): Today's Featured Health Care Loser

Dendreon ( DNDN) pushed the Health Care sector lower today making it today's featured Health Care loser. The sector as a whole closed the day up 0.8%. By the end of trading, Dendreon fell 32 cents (-4.3%) to $7.20 on average volume. Throughout the day, 6.8 million shares of Dendreon exchanged hands as compared to its average daily volume of 6.7 million shares. The stock ranged in price between $7.15-$7.49 after having opened the day at $7.43 as compared to the previous trading day's close of $7.52. Other company's within the Health Care sector that declined today were: Palatin Technologies ( PTN), down 16.5%, Tengion ( TNGN), down 15.8%, CEL-SCI Corporation ( CVM), down 15%, and Sunshine Heart ( SSH), down 9.9%.

Dendreon Corporation, a biotechnology company, engages in the discovery, development, and commercialization of novel therapeutics to enhance cancer treatment options for patients. Dendreon has a market cap of $1.19 billion and is part of the drugs industry. Shares are up 2.1% year to date as of the close of trading on Monday. Currently there are four analysts that rate Dendreon a buy, four analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Dendreon as a sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, generally disappointing historical performance in the stock itself and generally weak debt management.

On the positive front, Galena Biopharma ( GALE), up 22.5%, ProPhase Labs ( PRPH), up 15.3%, Response Genetics ( RGDX), up 12.6%, and Biosante Pharmaceuticals ( BPAX), up 12.1%, were all gainers within the health care sector with Celgene Corporation ( CELG) being today's featured health care sector winner.

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 ( XLV) while those bearish on the health care sector could consider ProShares Ultra Short Health Care ( RXD).
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