Amgen Inc (AMGN): 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.

Amgen ( AMGN) pushed the Drugs industry lower today making it today's featured Drugs laggard. The industry as a whole closed the day down 0.3%. By the end of trading, Amgen fell $1.93 (-1.6%) to $122.26 on heavy volume. Throughout the day, 7,114,110 shares of Amgen exchanged hands as compared to its average daily volume of 3,226,800 shares. The stock ranged in price between $120.26-$125.90 after having opened the day at $125.31 as compared to the previous trading day's close of $124.19. Other companies within the Drugs industry that declined today were: NewLink Genetics ( NLNK), down 16.2%, Heat Biologics ( HTBX), down 11.5%, Vermillion ( VRML), down 11.0% and Aoxing Pharmaceutical Company ( AXN), down 8.9%.

Amgen Inc., a biotechnology company, discovers, develops, manufactures, and delivers human therapeutics in the areas of oncology, hematology, inflammation, bone health, nephrology, cardiovascular, and general medicine worldwide. Amgen has a market cap of $95.3 billion and is part of the health care sector. Shares are up 10.6% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate Amgen a buy, no analysts rate it a sell, and 12 rate it a hold.

TheStreet Ratings rates Amgen as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

On the positive front, Genocea Biosciences ( GNCA), up 23.3%, Ohr Pharmaceutical ( OHRP), up 22.0%, Agios Pharmaceuticals ( AGIO), up 13.8% and CEL-SCI Corporation ( CVM), up 11.9% , were all gainers within the drugs industry with Valeant Pharmaceuticals International ( VRX) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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