Ariad Pharmaceuticals (Nasdaq:ARIA) is trading at unusually high volume Wednesday with 5.7 million shares changing hands. It is currently at 2.1 times its average daily volume and trading down 98 cents (-5.6%).
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 Wednesday with 5.7 million shares changing hands. It is currently at 2.1 times its average daily volume and trading down 98 cents (-5.6%) at $16.49 as of 2:01 p.m. ET.
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Ariad has a market cap of $3.36 billion and is part of the health care sector and drugs industry. Shares are down 8.9% year to date as of the close of trading on Tuesday. 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 deteriorating net income, disappointing return on equity, weak operating cash flow and feeble growth in its earnings per share. 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. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.