Business Highlights
By The Associated Press - AP - Mon Jul 27, 5:12PM CDT
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AGN: 326.98 (+18.77), QSR: 41.50 (+1.41), F: 14.55 (+0.16), QSR.TO: 54.21 (+2.01), MYL: 56.37 (-9.57), TEVA: 72.00 (+10.15), MHFI: 99.59 (-5.99)
Mylan Shares Tank After Teva Pharmaceutical Nixes Takeover Bid
at The Street - Mon Jul 27, 4:47PM CDT
Pharmaceutical giant Mylan (MYL) was the worst performing stock in the S&P 500 on Monday, making it TheStreet's Move of the Day.
AGN: 326.98 (+18.77), MYL: 56.37 (-9.57), TEVA: 72.00 (+10.15)
After Yesterday's Decline of 14.51%, Mylan Offers Investors Better Value
Comtex SmarTrend(R) - Mon Jul 27, 3:46PM CDT
Mylan (NASDAQ:MYL) traded in a range yesterday that spanned from a low of $55.40 to a high of $57.58. Yesterday, the shares fell 14.5%, which took the trading range below the 3-day low of $65.46 on volume of 34.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
MYL: 56.37 (-9.57)
SmarTrend Watching for Potential Rebound in Shares of Mylan After 14.51% Loss
Comtex SmarTrend(R) - Mon Jul 27, 3:45PM CDT
Mylan (NASDAQ:MYL) traded in a range yesterday that spanned from a low of $55.40 to a high of $57.58. Yesterday, the shares fell 14.5%, which took the trading range below the 3-day low of $65.46 on volume of 34.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
MYL: 56.37 (-9.57)
Analysts expect more tie-ups in generic drug business
AP - Mon Jul 27, 3:43PM CDT
NEW YORK (AP) — Analysts say they expect more tie-ups are coming in the generic drug industry in the wake of Teva's mammoth deal for the generic drug business of Allergan.
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IPXL: 49.25 (+0.04), AGN: 326.98 (+18.77), AKRX: 46.16 (+0.77), SGNT: 25.48 (+0.22), MYL: 56.37 (-9.57), TEVA: 72.00 (+10.15)
Teva and Restaurant Brands are big market movers
AP - Mon Jul 27, 3:25PM CDT
NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:
QSR: 41.50 (+1.41), QSR.TO: 54.21 (+2.01), RJET: 3.77 (-4.73), MYL: 56.37 (-9.57), BECN: 32.70 (+2.62), TEVA: 72.00 (+10.15), WAB: 97.93 (+6.59)
Mylan Announces Meeting Date and Record Date of Extraordinary General Meeting of Shareholders
PR Newswire - Mon Jul 27, 2:58PM CDT
Mylan N.V. (NASDAQ: MYL) today announced that it will hold its extraordinary general meeting of shareholders in connection with its proposed acquisition of Perrigo Company plc (NYSE: PRGO; TASE) at the Okura Hotel Amsterdam on Friday, Aug. 28, 2015 at 1 p.m. Central European Time (CET).
PRGO: 193.60 (+7.10), MYL: 56.37 (-9.57)
Is the U.S. Bull Market Starting to Lose Its Luster?
at The Street - Mon Jul 27, 2:04PM CDT
CNBC’s ‘Fast Money’ traders take a closer look at U.S. stocks, as the selloff in China weighs on the market.
BIIB: 309.43 (+9.40), PRGO: 193.60 (+7.10), XOM: 79.26 (-0.68), MYL: 56.37 (-9.57), BMY: 64.30 (-1.68), AGN: 326.98 (+18.77), ISRG: 544.15 (-1.93), SBUX: 56.98 (-0.31), HCA: 92.03 (-0.80), IBM: 159.07 (-0.68), GM: 31.05 (-0.01), TEVA: 72.00 (+10.15), SPLK: 70.60 (-3.31), REGN: 540.03 (-1.82), NVS: 101.54 (-0.26)
3 Health Care Stocks to Trade for Gains
at The Street - Mon Jul 27, 12:56PM CDT
Here's a technical look at how to trade some of the most active stocks on the market right now.
AGN: 326.98 (+18.77), MYL: 56.37 (-9.57), TEVA: 72.00 (+10.15)
Why Mylan N.V. Stock Slumped Today
George Budwell, The Motley Fool - Motley Fool - Mon Jul 27, 11:11AM CDT
What : Shares of the specialty and generic drugmaker Mylan fell by more than 14% today on heavy volume after Teva Pharmaceutical Industries Ltd. dropped its $40 billion hostile takeover bid. Instead, Teva has decided to pursue Allergan 's...
MYL: 56.37 (-9.57), TEVA: 72.00 (+10.15)
Why Teva Pharmaceutical Industries Ltd. Stock Jumped Today
George Budwell, The Motley Fool - Motley Fool - Mon Jul 27, 10:04AM CDT
What : Shares of the generic drugmaker Teva Pharmaceutical Industries Ltd. rose by 11% in early morning trading after the company announced that it plans on buying Allergan 's generic drug business in a cash and stock deal worth a reported $40.5...
AGN: 326.98 (+18.77), MYL: 56.37 (-9.57), TEVA: 72.00 (+10.15)
Mylan (MYL) Stock Tanks After Teva Withdraws Takeover Bid
at The Street - Mon Jul 27, 8:55AM CDT
Mylan (MYL) shares are dropping after Teva Pharmaceuticals withdrew its unsolicited $40 billion takeover bid today.
MYL: 56.37 (-9.57)
Teva Confirms Allergan Generics Buy, Drops Mylan Bid
at Investor's Business Daily - Mon Jul 27, 8:10AM CDT
Teva Pharmaceutical (TEVA) confirmed reports Monday that it will buy Allergan's (AGN) generic drugs business for $40.5 billion and dropped its hostile takeover bid for Mylan Pharmaceuticals (MYL). Under the deal, Teva will pay $33.75 billion in cash...
AGN: 326.98 (+18.77), PRGO: 193.60 (+7.10), MYL: 56.37 (-9.57), TEVA: 72.00 (+10.15)
Downgrade Alert for Mylan (MYL)
Comtex SmarTrend(R) - Mon Jul 27, 8:04AM CDT
Mylan (NASDAQ:MYL) was downgraded from Outperform to Market Perform at Cowen and Company today. The stock closed yesterday at $65.94 on volume of 5.4 million shares, above average daily volume of 5.0 million. In the past 52 weeks, shares of Mylan have traded between a low of $15.49 and a high of $76.68 and closed yesterday at $65.94, which is 326% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has declined 0.6%.
MYL: 56.37 (-9.57)
U.S. Stocks On Track For Weak Open As Chinese Stocks Sink
at Investor's Business Daily - Mon Jul 27, 7:59AM CDT
Stocks were on pace for a weak start Monday amid a sell-off in China and more corporate earnings reports. Nasdaq 100 futures slumped 21 points vs. fair value, and S&P 500 futures dropped 7 points. Futures on the Dow Jones industrial average lost 77...
AGN: 326.98 (+18.77), NSC: 82.80 (-0.16), PRGO: 193.60 (+7.10), BIDU: 197.68 (-8.57), MYL: 56.37 (-9.57), TEVA: 72.00 (+10.15), MPWR: 47.77 (-0.56), MHFI: 99.59 (-5.99), MSTR: 178.17 (-3.26)
China Tanks as Q2 Marches On - Ahead of Wall Street
Mark Vickery - Zacks Investment Research - Mon Jul 27, 7:50AM CDT
Questions about the sustainability of Chinese government funds' ability to stabilize the market cause a pullback in market support. As a result, the Shanghai index dropped 8.5 percent and the Shenzhen was down 7 percent.
AGN: 326.98 (+18.77), NSC: 82.80 (-0.16), PRE: 134.91 (-0.84), AVB: 168.61 (-0.66), MYL: 56.37 (-9.57), TEVA: 72.00 (+10.15)
Israel's Teva buys Allergan generic drug company for $40.5B
By DANIEL ESTRIN - AP - Mon Jul 27, 1:14PM CDT
JERUSALEM (AP) — Israel's Teva Pharmaceutical Industries Ltd. said Monday it is purchasing Dublin-based Allergan PLC's generic pharmaceuticals business for $40.5 billion, in what Israeli analysts called the largest-ever acquisition by an Israeli company.
CI: 145.90 (+0.18), AGN: 326.98 (+18.77), ANTM: 151.50 (+0.64), ANTX: 50.28 (+0.03), MYL: 56.37 (-9.57), TEVA: 72.00 (+10.15), AET: 110.23 (+0.23), HUM: 183.91 (+2.15)
Mylan Comments on Teva's Agreement to Acquire Allergan's Generic Drug Unit
PR Newswire - Mon Jul 27, 5:42AM CDT
Mylan N.V. (NASDAQ: MYL) today issued the following statement regarding Teva's (NYSE and TASE: TEVA) announcement of its entry into an agreement to acquire Allergan's Generic Drug Unit and its withdrawal of its unsolicited expression of interest to acquire Mylan.
MYL: 56.37 (-9.57), TEVA: 72.00 (+10.15)
European Stocks Sharply Lower as Asian Stocks Drag
at The Street - Mon Jul 27, 5:41AM CDT
European markets opened sharply down as Asian stocks tumbled -- China's Shanghai Composite closed down 8.5%. Gold prices rose and mining stocks recovered from some of last week's losses.
AGN: 326.98 (+18.77), RYAAY: 72.32 (-0.36), MYL: 56.37 (-9.57), TEVA: 72.00 (+10.15), UBS: 21.98 (-0.34)
Chinese Stocks Post Biggest One-Day Loss in Eight Years
at The Street - Mon Jul 27, 4:30AM CDT
And four other things you need to know now.
AGN: 326.98 (+18.77), MYL: 56.37 (-9.57), TEVA: 72.00 (+10.15), UBS: 21.98 (-0.34), MHFI: 99.59 (-5.99)