Vertex Stock Falls On Unusually High Volume (VRTX)
Vertex Pharmaceuticals (Nasdaq:VRTX) is trading at unusually high volume Monday with 3.4 million shares changing hands. It is currently at 2.1 times its average daily volume and trading down $2.35 (-2.8%).
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) -- Vertex Pharmaceuticals (Nasdaq: VRTX) is trading at unusually high volume Monday with 3.4 million shares changing hands. It is currently at 2.1 times its average daily volume and trading down $2.35 (-2.8%) at $83.25 as of 12:05 p.m. ET.
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Vertex has a market cap of $11.54 billion and is part of the health care sector and drugs industry. Shares are up 26.2% year to date as of the close of trading on Friday. Vertex Pharmaceuticals Incorporated engages in discovering, developing, manufacturing, and commercializing small molecule drugs for patients with serious diseases. TheStreet Ratings rates Vertex 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, disappointing return on equity and weak operating cash flow. You can view the full Vertex Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.