Mylan Labs MYL shares are trading higher by $0.12 at $39.12 in Friday's session.
Around 10:30 a.m. ET, a takeover rumor of the company by Pfizer Inc. PFE instigated a rally that found resistance in a familiar area of $39.50. This marks the fourth time since January 5 that the issue has found sellers at $39.50 area.
- January 5 at $39.47
- January 11 at $39.58
- January 12 at $39.44
- February 2 at $39.50
In today's session, it reached $39.50, but retreated back to the $39.00 area, which represents Thursday's closing. The high for the issue in 2017 is $40.08.
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