Bristol-Myers Squibb Company (BMY): Today's Featured Drugs Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Bristol-Myers Squibb Company ( BMY) pushed the Drugs industry higher today making it today's featured drugs winner. The industry as a whole closed the day up 1.1%. By the end of trading, Bristol-Myers Squibb Company rose $0.75 (1.7%) to $43.99 on light volume. Throughout the day, 7,639,346 shares of Bristol-Myers Squibb Company exchanged hands as compared to its average daily volume of 10,661,900 shares. The stock ranged in a price between $43.46-$44.23 after having opened the day at $43.75 as compared to the previous trading day's close of $43.24. Other companies within the Drugs industry that increased today were: Zalicus ( ZLCS), up 30.9%, Biocryst Pharmaceuticals ( BCRX), up 21.1%, Anika Therapeutics ( ANIK), up 20.9% and GW Pharmaceuticals PLC ADR ( GWPH), up 16.7%.

Bristol-Myers Squibb Company, a biopharmaceutical company, discovers, develops, licenses, manufactures, markets, distributes, and sells biopharmaceutical products that help patients prevail over serious diseases worldwide. Bristol-Myers Squibb Company has a market cap of $71.3 billion and is part of the health care sector. Shares are up 33.0% year to date as of the close of trading on Wednesday. Currently there are 6 analysts that rate Bristol-Myers Squibb Company a buy, 1 analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates Bristol-Myers Squibb Company as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Mast Therapeutics ( MSTX), down 38.6%, Reliv' International ( RELV), down 16.7%, Halozyme Therapeutics ( HALO), down 14.0% and Senesco Technologies ( SNTI), down 12.0% , were all laggards within the drugs industry with Medivation ( MDVN) being today's drugs industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the drugs industry could consider SPDR S&P Pharmaceuticals ETF ( XPH) while those bearish on the drugs industry could consider ProShares UltraShort Nasdaq Biotech ( BIS).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Bristol-Myers Squibb Stock Still a Beast?

There Are Good Opportunities in Stock Picking

Halozyme Jumps on Immuno-Oncology Deal with Bristol-Myers

Achillion Shares Are Plunging on Termination of Hepatitis C Pact