Onyx Stock Gaps Up On Today's Open (ONXX)

NEW YORK ( TheStreet) -- Shares of Onyx Pharmaceuticals (Nasdaq: ONXX) were gapping up Monday morning with an open price 52.8% higher than Friday's closing price. The stock closed at $86.82 Friday and opened today's trading at $132.63.

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The average volume for Onyx has been 1.1 million shares per day over the past 30 days. Onyx has a market cap of $6.2 billion and is part of the health care sector and drugs industry. Shares are up 12.8% year to date as of the close of trading on Friday.

Onyx Pharmaceuticals, Inc., a biopharmaceutical company, engages in the development and commercialization of therapies that target the molecular mechanisms that cause cancer in the United States and internationally.

TheStreet Ratings rates Onyx as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow. You can view the full Onyx Ratings Report.

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