Valeant? VRX
- Thread starter NoVoodooHere
- Start date
The stock price being punished for this reason, Papa too slow and up to this point hasn't done much above the barely minimum required
After reaching a 52-week low yesterday, VRX is down by over 6% today, with a new low of $9.49. Volume of 41 million is roughly 2x average.
"Valeant Tumbles Below $10 on Struggle to Sell Assets, Raise Cash"
https://www.bloomberg.com/news/arti...-is-below-10-again-on-struggle-to-sell-assets
April 2025 6.125% is offered at 75.70 (down over 1 cent from yesterday) and
October 2020 6.375% offered at 89.70 (slightly lower than yesterday)
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this death spiral reminds of me SUNE's price action
the only reason to go long is if you have good insider information that they're going to sell assets and even then you can expect any pops to get sold off
the only reason to go long is if you have good insider information that they're going to sell assets and even then you can expect any pops to get sold off
Somebody else liquidating? Similar price action to before. Dump on open. Flat. Dump on open. Flat. Rinse repeat.
Noticed stock borrowing rate spiked up over the past few days and coincided with sudden drop. Someone trying to 're-price' the stock to single digits and change sentiment?
Noticed stock borrowing rate spiked up over the past few days and coincided with sudden drop. Someone trying to 're-price' the stock to single digits and change sentiment?
A minor new intraday low of $9.47 today, however the stock is up about 2% to $9.69.
Bloomberg Gadfly:
https://www.bloomberg.com/gadfly/articles/2017-04-06/valeant-inova-bids-the-disappointment-won-t-end
"Valeant's Merry-Go-Round of Disappointment Won't Stop"
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Bloomberg Gadfly:
https://www.bloomberg.com/gadfly/articles/2017-04-06/valeant-inova-bids-the-disappointment-won-t-end
"Valeant's Merry-Go-Round of Disappointment Won't Stop"
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if the health care sentiment up this crack stock will up