MYL, FRX And ACT, 3 Drugs Stocks Pushing The Industry Lower

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One out of the three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading down 10 points (-0.1%) at 16,415 as of Thursday, April 17, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,581 issues advancing vs. 1,369 declining with 186 unchanged.

The Drugs industry currently sits down 0.1% versus the S&P 500, which is unchanged. A company within the industry that fell today was Shire ( SHPG), up 0.5%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. Mylan ( MYL) is one of the companies pushing the Drugs industry lower today. As of noon trading, Mylan is down $1.02 (-2.2%) to $46.19 on light volume. Thus far, 2.1 million shares of Mylan exchanged hands as compared to its average daily volume of 5.7 million shares. The stock has ranged in price between $46.00-$47.13 after having opened the day at $47.01 as compared to the previous trading day's close of $47.21.

Mylan Inc., a pharmaceutical company, develops, licenses, manufactures, markets, and distributes generic, branded generic, and specialty pharmaceuticals worldwide. It operates in two segments, Generics and Specialty. Mylan has a market cap of $17.2 billion and is part of the health care sector. Shares are up 8.8% year-to-date as of the close of trading on Wednesday. Currently there are 9 analysts that rate Mylan a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Mylan as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. Get the full Mylan Ratings Report now.

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