Stocks In Rebound Mode; Icon, Cadence Break Out
at Investor's Business Daily - 47 mins ago
Stocks stepped up rebound efforts and hit fresh session highs Tuesday afternoon. The major averages have recouped more than half of Monday's steep losses amid more earnings reports and mixed economic data. The S&P 500 led the pack with a 1% gain. On...
AGN: 337.67 (+10.69), BIDU: 164.18 (-33.50), MYL: 55.70 (-0.67), CDNS: 20.95 (+1.98), TEVA: 70.91 (-1.09), ICLR: 74.73 (+9.78)
Hikma Pharmaceuticals to Buy Generic Drug Maker Roxane for $2.65 Billion
at The Street - Tue Jul 28, 9:46AM CDT
Jordan's Hikma Pharmceuticals is set to become the sixth-largest U.S. generic drug maker after an agreement to buy Boehringer Ingelheim's Columbus, Ohio-based Roxane Laboratories for about $2.65 billion.
AGN: 337.67 (+10.69), MYL: 55.70 (-0.67), TEVA: 70.91 (-1.09)
18.9% Return Seen to Date on SmarTrend Mylan Call (MYL)
Comtex SmarTrend(R) - Tue Jul 28, 9:40AM CDT
SmarTrend identified a Downtrend for Mylan (NASDAQ:MYL) on June 29th, 2015 at $68.16. In approximately 4 weeks, Mylan has returned 18.87% as of today's recent price of $55.29.
MYL: 55.70 (-0.67)
Business Highlights
By The Associated Press - AP - Mon Jul 27, 5:12PM CDT
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AGN: 337.67 (+10.69), QSR: 42.57 (+1.07), F: 14.92 (+0.37), QSR.TO: 55.02 (+0.81), MYL: 55.70 (-0.67), TEVA: 70.91 (-1.09), MHFI: 98.19 (-1.40)
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: 337.67 (+10.69), MYL: 55.70 (-0.67), TEVA: 70.91 (-1.09)
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: 55.70 (-0.67)
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: 55.70 (-0.67)
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: 49.12 (-0.13), AGN: 337.67 (+10.69), AKRX: 46.97 (+0.81), SGNT: 25.45 (-0.03), MYL: 55.70 (-0.67), TEVA: 70.91 (-1.09)
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: 42.57 (+1.07), QSR.TO: 55.02 (+0.81), RJET: 3.10 (-0.67), MYL: 55.70 (-0.67), BECN: 33.32 (+0.62), TEVA: 70.91 (-1.09), WAB: 99.18 (+1.25)
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: 190.39 (-3.21), MYL: 55.70 (-0.67)
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: 317.85 (+8.42), PRGO: 190.39 (-3.21), XOM: 82.50 (+3.24), MYL: 55.70 (-0.67), BMY: 64.45 (+0.15), AGN: 337.67 (+10.69), ISRG: 541.33 (-2.82), SBUX: 57.20 (+0.22), HCA: 92.53 (+0.50), IBM: 159.90 (+0.83), GM: 31.56 (+0.51), TEVA: 70.91 (-1.09), SPLK: 70.60 (unch), REGN: 559.00 (+18.97), NVS: 102.65 (+1.11)
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: 337.67 (+10.69), MYL: 55.70 (-0.67), TEVA: 70.91 (-1.09)
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: 55.70 (-0.67), TEVA: 70.91 (-1.09)
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: 337.67 (+10.69), MYL: 55.70 (-0.67), TEVA: 70.91 (-1.09)
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: 55.70 (-0.67)
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: 337.67 (+10.69), PRGO: 190.39 (-3.21), MYL: 55.70 (-0.67), TEVA: 70.91 (-1.09)
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: 55.70 (-0.67)
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: 337.67 (+10.69), NSC: 84.95 (+2.15), PRGO: 190.39 (-3.21), BIDU: 164.18 (-33.50), MYL: 55.70 (-0.67), TEVA: 70.91 (-1.09), MPWR: 50.53 (+2.76), MHFI: 98.19 (-1.40), MSTR: 204.90 (+26.73)
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: 337.67 (+10.69), NSC: 84.95 (+2.15), PRE: 135.00 (+0.09), AVB: 170.02 (+1.41), MYL: 55.70 (-0.67), TEVA: 70.91 (-1.09)
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: 146.06 (+0.16), AGN: 337.67 (+10.69), ANTM: 153.99 (+2.49), ANTX: 50.67 (+0.39), MYL: 55.70 (-0.67), TEVA: 70.91 (-1.09), AET: 111.40 (+1.17), HUM: 183.70 (-0.21)