Pharmacyclics Rises On Unusually High Volume (PCYC)

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 Wednesday with 1.1 million shares changing hands. It is currently at two times its average daily volume and trading up $5.84 (+8.3%) at $76.21 as of 2:41 p.m. ET.

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Pharmacyclics has a market cap of $4.92 billion and is part of the health care sector and drugs industry. Shares are up 22.4% year to date as of the close of trading on Tuesday.

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 50.5, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Pharmacyclics as a buy. 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, notable return on equity, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. 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.

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