Dallas 12/18/2010 1:26:30 AM
News / Business

Drug Stocks To Watch (THC, InterMune, MRK, GILD)

Drug Stocks To Watch

Tenet Healthcare Corporation (NYSE:THC) added 0.30% to $6.65. Deutsche Bank downgraded Tenet Healthcare from Buy to Hold.

The company has Price/Sales ratio of 0.35. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $4.67 and $4.52 respectively. At current market price, the market capitalization of the company stands at $3.23 billion.

InterMune, Inc. (NASDAQ:ITMN) skyrocketed 135.18% to $33.56. The company announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has adopted a positive opinion recommending the granting of a marketing authorization for Esbriet (pirfenidone) in adults for the treatment of mild to moderate idiopathic pulmonary fibrosis (IPF), a progressive and fatal lung disease.

At current market price, the market capitalization of the company stands at $38.79 billion. The stock is up more than 15% year-to-date.

Merck & Co., Inc. (NYSE:MRK) fell 1.68% to $36.22. So far in the last one year of trading sessions, the stock lost over 2%. The stock has a 52-week range of $30.70-$41.56. 

The company has Price/Sales ratio of 2.58. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $35.55 and $35.65 respectively. At current market price, the market capitalization of the company stands at $111.59 billion.

Gilead Sciences, Inc. (NASDAQ:GILD) lost 1.55% to $37.26. The median Wall Street price target on the stock is $43.50 and the high target is set at $61. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $38.07 and $35.74 respectively.

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