AMGN, MRK And PFE, 3 Drugs Stocks Pushing The Industry Lower

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Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 67 points (-0.4%) at 17,031 as of Tuesday, Sept. 2, 2014, 12:55 PM ET. The NYSE advances/declines ratio sits at 1,211 issues advancing vs. 1,801 declining with 159 unchanged.

The Drugs industry currently sits down 0.5% versus the S&P 500, which is down 0.3%. A company within the industry that fell today was Novo Nordisk A/S ( NVO), up 1.4%.

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

3. Amgen ( AMGN) is one of the companies pushing the Drugs industry lower today. As of noon trading, Amgen is down $1.78 (-1.3%) to $137.60 on average volume. Thus far, 1.5 million shares of Amgen exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $137.52-$139.93 after having opened the day at $139.62 as compared to the previous trading day's close of $139.38.

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 $105.9 billion and is part of the health care sector. Shares are up 22.2% year-to-date as of the close of trading on Friday. Currently there are 7 analysts that rate Amgen a buy, no analysts rate it a sell, and 8 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, growth in earnings per share, revenue growth, reasonable valuation levels and good cash flow from operations. 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 Amgen Ratings Report now.

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