Pharmacyclics Stock Falls On Unusually High Volume (PCYC)
Pharmacyclics Incorporated (Nasdaq:PCYC) is trading at unusually high volume Monday with 2.5 million shares changing hands. It is currently at four times its average daily volume and trading down $6.80 (-11.8%).
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. NEW YORK ( TheStreet) -- Pharmacyclics Incorporated (Nasdaq: PCYC) is trading at unusually high volume Monday with 2.5 million shares changing hands. It is currently at four times its average daily volume and trading down $6.80 (-11.8%) at $50.57 as of 10:46 a.m. ET.
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Pharmacyclics has a market cap of $4.28 billion and is part of the health care sector and drugs industry. Shares are up 314.7% year to date as of the close of trading on Friday. Pharmacyclics, Inc. operates as a clinical-stage biopharmaceutical company focusing on developing and commercializing small-molecule drugs for the treatment of cancer and immune mediated diseases. The company has a P/E ratio of 361.5, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Pharmacyclics as a hold. 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 and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, premium valuation and weak operating cash flow. You can view the full Pharmacyclics Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. FREE for a limited time only: Get TheStreet Ratings #1 Stock Report NOW!.