Celgene Corporation (CELG): Today's Featured Drugs Laggard

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.

Celgene Corporation ( CELG) pushed the Drugs industry lower today making it today's featured Drugs laggard. The industry as a whole closed the day down 1.4%. By the end of trading, Celgene Corporation fell $6.63 (-4.1%) to $156.61 on heavy volume. Throughout the day, 5,379,120 shares of Celgene Corporation exchanged hands as compared to its average daily volume of 3,065,900 shares. The stock ranged in price between $155.78-$165.21 after having opened the day at $164.28 as compared to the previous trading day's close of $163.24. Other companies within the Drugs industry that declined today were: Zogenix ( ZGNX), down 14.5%, Cardiome Pharma Corporation ( CRME), down 11.7%, Kamada ( KMDA), down 11.3% and AVANIR Pharmaceuticals ( AVNR), down 11.0%.

Celgene Corporation, a biopharmaceutical company, discovers, develops, and commercializes therapies to treat cancer and immune-inflammatory related diseases in the United States and internationally. Celgene Corporation has a market cap of $65.7 billion and is part of the health care sector. Shares are down 4.2% year to date as of the close of trading on Wednesday. Currently there are 24 analysts that rate Celgene Corporation a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Ratings rates Celgene Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, reasonable valuation levels, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Agios Pharmaceuticals ( AGIO), up 26.2%, Sangamo BioSciences ( SGMO), up 17.1%, Karyopharm Therapeutics ( KPTI), up 13.9% and La Jolla Pharmaceutical ( LJPC), up 12.7% , were all gainers within the drugs industry with Sanofi ( SNY) 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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