Teva continues to drop, losing over 24% in value within two days

Teva shares collapse Thursday on Wall Street, losing 24% of its value and hitting 13-year low; negative trend continues on Friday.
|Updated:
PrintFind an error? Report us
Related Topics
Israeli pharmaceutical giant Teva's shares continude their downward spiral, dropping 24.2% on Wall Street on Thursday, reaching $23.8 per share.
This is a 13-year low for the once solid stock. The drop is due to the company's dramatic quarterly reports, which stated a huge write-down of $ 6.1 billion, layoffs of thousands of employees and a diminished forecast.
1 View gallery
Photo: ReutersPhoto: Reuters
Photo: Reuters
(צילום: רויטרס)
The negative trend continued for Teva on Friday.
The Dow Jones Industrial Average fell 0.4% on Thursday, and the S & P 500 shed 0.2%, while the Dow Jones Industrial Average rose by less than 0.1% but ended at a new record, with a rise recorded for eight days straight. The last time such a trend was recorded was on February 27th, when there was an increase for 12 trading days straight.
First published: 19:27, 08.04.17
Comments
The commenter agrees to the privacy policy of Ynet News and agrees not to submit comments that violate the terms of use, including incitement, libel and expressions that exceed the accepted norms of freedom of speech.
""