$CXRX, Watch Possible dip & rip in the making,
Post# of 22755
Posted On: 11/07/2016 8:12:38 AM
$CXRX, Watch
Possible dip & rip in the making, dipping today.
After CEO Change, Concordia Misses Badly -- Market Talk
23 minutes ago - DJNF
7:46 ET - Likely confirming the suspicions of some with last month's CEO change, specialty-drug maker Concordia (CXRX) posts well-below-consensus 3Q results. The company said on Oct. 21 that founder Mark Thompson agreed to step down and leave the board, with lead independent director Jordan Kupinsky saying directors and Thompson thought now was the right time for a leadership change. Revenue slid 20% from 2Q and "Concordia is suspending guidance as the company assesses the business under new leadership." Kupinsky will be chairman as of tomorrow. CXRX, which jumped 13% the day of Thompson's departure but have more than reversed since, is inactive premarket. (kevin.kingsbury@wsj.com; @kevinkingsbury)
(END) Dow Jones Newswires
November 07, 2016 07:46 ET (12:46 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Possible dip & rip in the making, dipping today.
After CEO Change, Concordia Misses Badly -- Market Talk
23 minutes ago - DJNF
7:46 ET - Likely confirming the suspicions of some with last month's CEO change, specialty-drug maker Concordia (CXRX) posts well-below-consensus 3Q results. The company said on Oct. 21 that founder Mark Thompson agreed to step down and leave the board, with lead independent director Jordan Kupinsky saying directors and Thompson thought now was the right time for a leadership change. Revenue slid 20% from 2Q and "Concordia is suspending guidance as the company assesses the business under new leadership." Kupinsky will be chairman as of tomorrow. CXRX, which jumped 13% the day of Thompson's departure but have more than reversed since, is inactive premarket. (kevin.kingsbury@wsj.com; @kevinkingsbury)
(END) Dow Jones Newswires
November 07, 2016 07:46 ET (12:46 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
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