Teva Reaches 17-Year Low

Teva Pharmaceutical Industries Ltd (ADR) TEVA shares are trading lower by 46 cents (2.8 percent) at $14.69 in Friday's session.

There is no specific news out on the stock to account for the decline and is likely a continuation of its long-term downtrend.

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It's now trading lower for the third day in a row falling from Tuesday's close ($15.89) to $14.30 earlier in today's session. That marks the lowest level for the stock since Aug. 2000, when it bottomed at $14.30.

So far, the rebound off that low has capped at $14.78 as of Noon EST.