Biogen Idec Inc (BIIB): Today's Featured Drugs Laggard

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Biogen Idec ( BIIB) pushed the Drugs industry lower today making it today's featured Drugs laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Biogen Idec fell $3.43 (-1.2%) to $277.21 on average volume. Throughout the day, 934,318 shares of Biogen Idec exchanged hands as compared to its average daily volume of 1,204,700 shares. The stock ranged in price between $275.17-$280.43 after having opened the day at $278.88 as compared to the previous trading day's close of $280.64. Other companies within the Drugs industry that declined today were: CEL-SCI Corporation ( CVM), down 20.0%, Neogen Corporation ( NEOG), down 8.9%, Esperion Therapeutics ( ESPR), down 8.7% and Relypsa ( RLYP), down 7.1%.

Biogen Idec Inc. discovers, develops, manufactures, and markets therapies for the treatment of neurodegenerative diseases, hemophilia, and autoimmune disorders in the United States and internationally. Biogen Idec has a market cap of $64.1 billion and is part of the health care sector. The company has a P/E ratio of 38.1, above the S&P 500 P/E ratio of 17.7. Shares are up 85.5% year to date as of the close of trading on Wednesday. Currently there are 15 analysts that rate Biogen Idec a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates Biogen Idec as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels and solid stock price performance. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Alimera ( ALIM), up 62.8%, pSivida ( PSDV), up 35.0%, Oxygen Biotherapeutics ( OXBT), up 18.5% and Ariad Pharmaceuticals ( ARIA), up 10.8% , were all gainers within the drugs industry with Bristol-Myers Squibb Company ( BMY) being today's featured drugs industry leader.

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).

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