Perrigo Tanks As No Suitor Emerges

Perrgio

shares are trading lower by $8.39 at $99.74 in Wednesday's session. It has nearly erased all of it gains, when takeover rumors hit the tape. At this time, no bidder has come forward and in turn, the issue has given back all of its gains from Tuesday, when the issued rallied from $99.06 to $108.13. After a lower open, it could not come close to Tuesday's close ($108.13), peaking at $106.18, before resuming its move lower. At this time, it is attempting to find support in the area of Monday's close ($99.06), as the current low stands at $99.20.