Market Overview

Valeant Up 17% After Q3 Report

Related VRX
Attention Biotech Investors: Mark Your Calendar For These August PDUFA Dates
TD Ameritrade Traders Adopt Some Old And New Approaches To The Trade War Market In June's IMX

Valeant Pharmaceuticals Intl Inc (NYSE: VRX) shares are trading higher by $2.06 (17 percent) at $14.10 in Tuesday's session.

Before the open, Valeant reported Q3 GAAP EPS of $3.69 vs. 89-cent estimates (excluding items, the company earned $1.04 per share) and sales of $2.22 billion. The strong report may allow the company to reduce some of its burdensome debt load that has plagued the company during its fall from grace that began in August 2015, when the stock peaked at $263.81.

After a much higher open, Valeant had a brief retreat to $13.65 before continuing its move higher. So far, the ensuing rally has taken the issue to $14.32. That matches its Oct. 12 high of $14.31.

The stock is attempting to post its first close over $14.00 since Oct. 11, when it ended that session at $14.29.

Posted-In: Technicals Intraday Update Movers Trading Ideas


Related Articles (VRX)

View Comments and Join the Discussion!

Najarian Brothers See Unusual Options Activity In Altaba, Snap And Corning

Fintech Lender LendUp Hires Tesla Head Of Financial Services As CFO