Ariad Pharmaceuticals (Nasdaq:ARIA) is trading at unusually high volume Friday with 4.2 million shares changing hands. It is currently at 2.1 times its average daily volume and trading down $2.12 (-8.9%).
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) -- Ariad Pharmaceuticals (Nasdaq: ARIA) is trading at unusually high volume Friday with 4.2 million shares changing hands. It is currently at 2.1 times its average daily volume and trading down $2.12 (-8.9%) at $21.76 as of 1:21 p.m. ET.
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Ariad has a market cap of $3.94 billion and is part of the health care sector and drugs industry. Shares are up 93.2% year to date as of the close of trading on Thursday. ARIAD Pharmaceuticals, Inc., an oncology company, focuses on the discovery, development, and commercialization of medicines for cancer patients. TheStreet Ratings rates Ariad as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income and weak operating cash flow. You can view the full Ariad Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.