Valeant Paring Gains From Recent Rally

Valeant Pharmaceuticals Intl Inc VRX shares are trading lower by $5.47 at $113 in Thursday's session. The issue had rallied from Friday's close ($94.14) to $119.87 on Wednesday on the heels of a deal with Walgreens and encouraging comments for the company during analyst day.

After a lower open, it could not reach Wednesday's close ($118.47), only reaching $117.65 before continuing to move lower. If the decline continues through its current intra-day low, Wednesday's low comes in at $111.65.