5 Stocks Moving The Drugs Industry Upward

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading up 4 points (0.0%) at 15,449 as of Wednesday, Feb. 5, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 771 issues advancing vs. 2,156 declining with 142 unchanged.

The Drugs industry currently sits down 1.6% versus the S&P 500, which is down 0.4%. On the negative front, top decliners within the industry include Grifols ( GRFS), down 4.6%, Regeneron Pharmaceuticals ( REGN), down 2.2% and Valeant Pharmaceuticals International ( VRX), down 1.5%.

TheStreet would like to highlight 5 stocks pushing the industry higher today:

5. Novo Nordisk A/S ( NVO) is one of the companies pushing the Drugs industry higher today. As of noon trading, Novo Nordisk A/S is up $1.39 (3.5%) to $40.97 on average volume. Thus far, 1.1 million shares of Novo Nordisk A/S exchanged hands as compared to its average daily volume of 1.5 million shares. The stock has ranged in price between $40.34-$40.98 after having opened the day at $40.39 as compared to the previous trading day's close of $39.58.

Novo Nordisk A/S engages in the discovery, development, manufacture, and marketing of pharmaceutical products primarily in Denmark. It operates in two segments, Diabetes Care and Biopharmaceuticals. Novo Nordisk A/S has a market cap of $91.7 billion and is part of the health care sector. Shares are up 7.1% year-to-date as of the close of trading on Tuesday. Currently there is 1 analyst who rates Novo Nordisk A/S a buy, 1 analyst rates it a sell, and 2 rate it a hold.

TheStreet Ratings rates Novo Nordisk A/S as a buy. 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, notable return on equity, good cash flow from operations and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. Get the full Novo Nordisk A/S Ratings Report now.

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