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

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Bristol-Myers Squibb Company ( BMY) pushed the Drugs industry lower today making it today's featured Drugs laggard. The industry as a whole closed the day up 0.1%. By the end of trading, Bristol-Myers Squibb Company fell $0.96 (-1.8%) to $53.78 on average volume. Throughout the day, 10,250,291 shares of Bristol-Myers Squibb Company exchanged hands as compared to its average daily volume of 8,518,000 shares. The stock ranged in price between $53.50-$54.58 after having opened the day at $54.58 as compared to the previous trading day's close of $54.74. Other companies within the Drugs industry that declined today were: Agenus ( AGEN), down 11.6%, Galmed Pharmaceuticals ( GLMD), down 8.7%, Dipexium Pharmaceuticals ( DPRX), down 8.3% and Durata Therapeutics ( DRTX), down 7.0%.

Bristol-Myers Squibb Company discovers, develops, licenses, manufactures, markets, distributes, and sells biopharmaceutical products worldwide. Bristol-Myers Squibb Company has a market cap of $90.3 billion and is part of the health care sector. Shares are up 3.0% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate Bristol-Myers Squibb Company a buy, 2 analysts rate it a sell, and 5 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 revenue growth, good cash flow from operations, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Aastrom Biosciences ( ASTM), up 25.2%, Sinovac Biotech ( SVA), up 17.1%, Bacterin International Holdings ( BONE), up 14.3% and EntreMed ( ENMD), up 12.6% , were all gainers within the drugs industry with AbbVie ( ABBV) 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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