Indexes ended Tuesday in the green across the board as Trump continued to nominate advisers to his cabinet and Tweet his heart out sending a handful of stocks into disarray.
Medicis Pharmaceuticals Corporation (NYSE:MRX) hit a new 52-week high Wednesday as it is currently trading at $43.73, above its previous 52-week high of $43.70 with 2.3 million shares traded as of 1:50 p.m. ET. Average volume has been 1.8 million shares over the past 30 days.
Medicis Pharmaceuticals Corporation was a leading decliner within the drugs industry, falling $1.32 (-3%) to $42.03 on heavy volume.
The ex-dividend date for Medicis Pharmaceuticals Corporation (NYSE:MRX) is tomorrow, September 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $43.34 as of 9:30 a.m., the dividend yield is 0.9%.
Cramer doesn't want to flee the market and thinks you shouldn't either.