Valeant Pharma Lower On No News

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Valeant Pharma Intl IncVRX
shares are trading lower by $1.00 at $13.23 in Tuesday's session. There is no specific news out on the issue to account for its nearly 7-percent decline.

After a lower open, it could not reclaim Monday's closing price $14.23, only reaching $14.04 before continuing its move lower. So far, the ensuing decline has taken the stock to $12.88, but it has now rebounded back into the $13.00 handle.

The current price comes in well above its June 16 low ($12.46) and just under its June 19 low ($12.99).

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