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Pharmaceutical industry

Pharmaceuticals Stocks Decline Amid Industry Weakness

Strategic Insights

— 2 min read

Pharmaceutical stocks declined on Friday, January 3, 2014, as investors grew concerned about the industry's momentum. The Dow Jones Industrial Average (^DJI) rose 14 points (0.1%) to 16,456, while the NYSE advances/declines ratio sat at 1,718 issues advancing vs. 1,181 declining with 172 unchanged. The Drugs industry was one of the weakest, up 0.2% versus the S&P 500, which was unchanged. Herbalife (HLF), Illumina (ILMN), and Regeneron Pharmaceuticals (REGN) led the decline, while Novo Nordisk A/S (NVO), Novartis (NVS), Sanofi (SNY), and AstraZeneca (AZN) led the gainers.

Key Takeaways:

  • The Dow Jones Industrial Average (^DJI) rose 14 points (0.1%) to 16,456, while the NYSE advances/declines ratio sat at 1,718 issues advancing vs. 1,181 declining with 172 unchanged.
  • The Drugs industry was one of the weakest, up 0.2% versus the S&P 500, which was unchanged.
  • Top decliners within the industry included Herbalife (HLF), down 5.3%, Illumina (ILMN), down 2.3%, and Regeneron Pharmaceuticals (REGN), down 0.9%.
  • Top gainers within the industry included Novo Nordisk A/S (NVO), up 1.2%, Novartis (NVS), up 0.6%, Sanofi (SNY), up 0.5%, and AstraZeneca (AZN), up 0.5%.
  • Five stocks pushing the industry lower included Teva Pharmaceutical Industries (TEVA), Biogen Idec (BIIB), Amgen (AMGN), Celgene Corporation (CELG), and Gilead (GILD).
  • TheStreet Ratings rated Teva Pharmaceutical Industries as a hold, Biogen Idec as a buy, Amgen as a buy, Celgene Corporation as a buy, and Gilead as a buy.

Statistics:

  • The Dow Jones Industrial Average (^DJI) rose 14 points (0.1%) to 16,456.
  • The Drugs industry was up 0.2% versus the S&P 500, which was unchanged.
  • Herbalife (HLF) declined 5.3% to $52.32.
  • Illumina (ILMN) declined 2.3% to $192.57.
  • Regeneron Pharmaceuticals (REGN) declined 0.9% to $339.28.
  • Novo Nordisk A/S (NVO) rose 1.2% to $72.45.
  • Novartis (NVS) rose 0.6% to $71.75.
  • Sanofi (SNY) rose 0.5% to $44.48.
  • AstraZeneca (AZN) rose 0.5% to $72.28.

Sources:

  • TheStreet.com: "Dow Rises 14 Points on Strong Jobs Data"
  • TheStreet.com: "Herbalife (HLF) Stock Trends Flat"
  • TheStreet.com: "Illumina (ILMN) Stock Trends Flat"
  • TheStreet.com: "Regeneron Pharmaceuticals (REGN) Stock Trends Flat"
  • TheStreet.com: "Novo Nordisk A/S (NVO) Stock Trends Up"
  • TheStreet.com: "Novartis (NVS) Stock Trends Up"
  • TheStreet.com: "Sanofi (SNY) Stock Trends Up"
  • TheStreet.com: "AstraZeneca (AZN) Stock Trends Up"
  • TheStreet.com: "Teva Pharmaceutical Industries (TEVA) Stock Trends Down"
  • TheStreet.com: "Biogen Idec (BIIB) Stock Trends Up"
  • TheStreet.com: "Amgen (AMGN) Stock Trends Up"
  • TheStreet.com: "Celgene Corporation (CELG) Stock Trends Up"
  • TheStreet.com: "Gilead (GILD) Stock Trends Down"

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