What Do Valeant, Amazon, Netflix and Yahoo! Have in Common?
at The Street - 1 hr 26 mins ago
Valeant faces accounting queries and Yahoo! took a writedown. Which companies will be next? Doug Kass thinks Amazon and Netflix look most at risk.
NFLX: 97.95 (-0.01), AMZN: 565.45 (+9.68), YHOO: 31.72 (+0.60), VRX: 98.62 (-19.99)
How Short Sellers Run this Market: Part 1
at The Street - 2 hrs 3 mins ago
First, the sectors where shorts are making big money.
KMI: 29.88 (-1.54), AGN: 252.45 (-6.55), HCA: 64.80 (-6.40), VRX: 98.62 (-19.99), SWKS: 81.03 (+3.36), CYH: 26.49 (-14.06), NXPI: 96.57 (+5.25), AVGO: 125.20 (+4.70), HRZN: 9.94 (+0.20)
No Easy Cure for What Ails Biotech Stocks
at The Street - 2 hrs 16 mins ago
Meanwhile, make incremental moves until the onslaught in the space is over.
BIIB: 279.54 (+3.20), VRX: 98.62 (-19.99), GILD: 102.63 (+0.90), MYL: 38.83 (-2.06), AMGN: 151.45 (+1.36)
INVESTIGATION REMINDER: Goldberg Law PC Announces an Investigation of Claims Against Valeant Pharmaceuticals International, Inc. and Encourages Investors to Contact the Firm
Business Wire - 2 hrs 41 mins ago
Goldberg Law PC (http://www.Goldberglawpc.com) announces that it is investigating claims of potential misrepresentations by Valeant Pharmaceuticals International, Inc. ("Valeant" or the "Company"
VRX: 98.62 (-19.99), VRX.TO: 129.04 (-25.17)
RBC Capital Markets Says Buy These 5 Pharmaceutical Stocks, Despite 'Irrational' Sell Off
at The Street - Thu Oct 22, 9:46AM CDT
The selloff in specialty pharmaceutical stocks has found a new "irrational low," following Wednesday's attack on Valeant Pharmaceuticals, according to RBC Capital Markets.
AGN: 252.45 (-6.55), ENDP: 49.48 (-4.98), INSY: 21.60 (-2.06), VRX: 98.62 (-19.99), SGNT: 15.23 (-0.83), IBB: 303.90 (-0.56), TEVA: 55.93 (-1.99)
Valeant Pharmaceuticals (VRX) Stock Collapses Further on Allegations Despite Ackman Stake
at The Street - Thu Oct 22, 9:45AM CDT
Valeant Pharmaceuticals (VRX) stock continues its crash on Thursday, after Citron Research alleged yesterday that the company has created a "phantom" pharmacies network to falsify sales and avoid auditor scrutiny.
VRX: 98.62 (-19.99)
Stock Market News for October 22, 2015
Zacks Equity Research - Zacks Investment Research - Thu Oct 22, 9:10AM CDT
Benchmarks ended Wednesday’s volatile trading session in the red following declines in healthcare and energy shares
KO: 43.57 (+1.38), KMI: 29.88 (-1.54), VRX: 98.62 (-19.99), MDT: 73.27 (-0.15), PFE: 33.16 (-0.30), UNH: 111.54 (-6.57), AMGN: 151.45 (+1.36), XOM: 82.34 (+2.13), COP: 54.55 (+1.58), BMY: 63.13 (+0.62), BA: 146.98 (+5.79), YHOO: 31.72 (+0.60), GM: 35.45 (+0.03), CVX: 91.59 (+2.26), OXY: 74.22 (+2.21)
SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Valeant Pharmaceuticals International, Inc.
ACCESSWIRE - Thu Oct 22, 9:00AM CDT
NEW YORK, NY / ACCESSWIRE / October 22, 2015 / Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Valeant Pharmaceuticals International, Inc.("Valeant" or the "Company"
VRX: 98.62 (-19.99), VRX.TO: 129.04 (-25.17)
Downgrade Alert for Valeant Pharmaceuticals International (VRX)
Comtex SmarTrend(R) - Thu Oct 22, 8:06AM CDT
Valeant Pharmaceuticals International (NYSE:VRX) was downgraded from Outperform to Market Perform at BMO Capital today. The stock closed yesterday at $118.61 on volume of 88.3 million shares, above average daily volume of 6.1 million. Valeant Pharmaceuticals International is a research-based, specialty pharmaceutical company that markets its products worldwide. The Company discovers, develops, manufactures, and markets a range of pharmaceutical products, focusing on products in the areas of infectious disease, neurology, and dermatology.
VRX: 98.62 (-19.99)
Oct. 22 Premarket Briefing: 10 Things You Should Know
at The Street - Thu Oct 22, 5:46AM CDT
U.S. stock futures are rising and European shares trade mixed ahead of a European Central Bank policy meeting.
AMZN: 565.45 (+9.68), VRX: 98.62 (-19.99), AXP: 72.11 (-4.40), KORS: 39.60 (unch), INTC: 34.40 (+1.03), T: 34.00 (+0.40), EBAY: 27.55 (+3.34), JOE: 21.34 (+0.44), RHI: 50.08 (-2.31), LRCX: 72.50 (+1.71), MCD: 110.62 (+8.08), CFG: 23.43 (+0.26), GOOGL: 681.49 (+9.69), CAT: 71.64 (+1.97), MSFT: 48.68 (+1.48), RACE: 55.91 (+0.91), X: 11.24 (+0.39), UIL: 51.00 (+0.43)
For Valeant, the Selling Is Not Done
at The Street - Thu Oct 22, 4:28AM CDT
And it's weighing heavily on the whole of health care.
HLF: 55.03 (+0.22), VRX: 98.62 (-19.99)
'Fast Money' Recap: Don't Follow Bill Ackman Into Valeant
at The Street - Thu Oct 22, 4:00AM CDT
The trading panel discussed gambling on Valeant, oil stocks and Twitter.
VRX: 98.62 (-19.99), EBAY: 27.55 (+3.34), EOG: 85.86 (+2.08), APA: 45.69 (+0.61), XOM: 82.33 (+2.12), CVX: 91.59 (+2.26), TWTR: 29.30 (unch)
Valeant shares tumble as report questions company finances
By TOM MURPHY - AP - Wed Oct 21, 4:03PM CDT
Valeant Pharmaceuticals stock plunged Wednesday after Citron Research compared the Canadian pharmaceutical company to the collapsed energy giant Enron and accused it of creating a network of phantom pharmacies to fool auditors.
VRX: 98.62 (-19.99), VRX.TO: 129.04 (-25.17)
Valeant Dives As Short Seller Alleges Pharmacy Fraud
at Investor's Business Daily - Wed Oct 21, 4:02PM CDT
Embattled drugmaker Valeant Pharmaceuticals (VRX) tumbled nearly 40% Wednesday to a two-year low and closed down 19.2%, as short-selling outfit Citron Research charged it with a complex fraud involving multiple specialty pharmacies. Valeant responded...
AGN: 252.45 (-6.55), ENDP: 49.47 (-4.99), VRX: 98.62 (-19.99)
Work Ahead for Valeant to Get Back to 40-Week Average
at The Street - Wed Oct 21, 4:00PM CDT
Prices are trying hold around the $120 level, an older support area.
VRX: 98.62 (-19.99)
Biogen and SanDisk are big market movers
AP - Wed Oct 21, 3:42PM CDT
NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:
KO: 43.57 (+1.38), VRX: 98.62 (-19.99), LRCX: 72.50 (+1.71), CMG: 656.95 (-8.72), GM: 35.45 (+0.03), BA: 146.98 (+5.79), SNDK: 76.84 (+0.06), VRX.TO: 129.04 (-25.17)
Chipotle, Yahoo Sink On Price Target Cuts
at Investor's Business Daily - Wed Oct 21, 3:32PM CDT
Stocks sold off into the close after moving little in either direction through most of Wednesday's session. The Nasdaq lagged with an 0.8% loss, while the S&P 500 gave up 0.6% and the Dow Jones industrial average shed 0.3%. Volume was higher across...
AMZN: 565.45 (+9.68), VRX: 98.62 (-19.99), HA: 33.43 (+0.56), MANH: 71.01 (+0.93), UAL: 55.77 (+1.22), UA: 92.35 (-6.80), YHOO: 31.72 (+0.60), SWI: 58.22 (-0.09), CMG: 656.95 (-8.72), MCD: 110.62 (+8.08), GM: 35.45 (+0.03), GOOGL: 681.49 (+9.69), MSFT: 48.68 (+1.48), RACE: 55.91 (+0.91)
Another Biotech Sets Off More Selling
at The Street - Wed Oct 21, 3:10PM CDT
Market is feeling very jittery.
BLUE: 78.80 (-1.98), YHOO: 31.72 (+0.60), AMZN: 565.45 (+9.68), TSLA: 213.03 (+2.94), VRX: 98.62 (-19.99), SDS: 20.21 (-0.71), IBM: 144.36 (+3.44), FB: 98.66 (+1.55), CMG: 656.95 (-8.72), GM: 35.45 (+0.03), GOOGL: 681.49 (+9.69), BA: 146.98 (+5.79)
Biotech Stocks Slump Again on Valeant's 'Smoking Gun'
at The Street - Wed Oct 21, 3:02PM CDT
Biotech stocks were in the crossfire again on Wednesday as investors fled. But this time Hillary Clinton wasn't to blame.
KO: 43.57 (+1.38), VRX: 98.62 (-19.99), F: 15.60 (+0.19), KMB: 120.73 (+2.64), PFE: 33.16 (-0.30), IBB: 303.90 (-0.56), FCAU: 15.24 (+0.04), LLY: 76.75 (-0.26), TM: 125.32 (+1.62), BMY: 63.13 (+0.62), BA: 146.98 (+5.79), GM: 35.45 (+0.03), ABBV: 53.25 (-0.58), HMC: 33.02 (+0.32), RACE: 55.91 (+0.91)