Ariad Pharmaceuticals (Nasdaq:ARIA) is trading at unusually high volume Thursday with 5.9 million shares changing hands. It is currently at two times its average daily volume and trading down 42 cents (-2.5%).
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 Thursday with 5.9 million shares changing hands. It is currently at two times its average daily volume and trading down 42 cents (-2.5%) at $16.70 as of 11:40 a.m. ET.
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Ariad has a market cap of $3.33 billion and is part of the health care sector and drugs industry. Shares are down 5.9% year to date as of the close of trading on Wednesday. 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. 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.