The stock of Taro Pharmaceutical Industries Ltd. (NYSE:TARO) is a huge mover today! The stock decreased 2.65% or $3.01 during the last trading session, hitting $110.51. About 652,741 shares traded hands or 188.31% up from the average. Taro Pharmaceutical Industries Ltd. (NYSE:TARO) has declined 23.73% since February 29, 2016 and is downtrending. It has underperformed by 34.15% the S&P500.
The move comes after 8 months negative chart setup for the $4.60B company. It was reported on Oct, 1 by Barchart.com. We have $103.88 PT which if reached, will make NYSE:TARO worth $276.00 million less.
Analysts await Taro Pharmaceutical Industries Ltd. (NYSE:TARO) to report earnings on November, 1.
According to Zacks Investment Research, “Taro Pharmaceutical Industries is engaged in the production, research and development, and marketing of prescription and over-the-counter pharmaceutical products, with a focus on generic products. In addition to the production of finished dosage form drugs, they also synthesize the pharmaceutical chemicals used in their production. Products are sold through wholesalers, generic drug distributors, drug store chains, mass merchandisers, HMOs, food stores, pharmacies and hospitals.”
More notable recent Taro Pharmaceutical Industries Ltd. (NYSE:TARO) news were published by: Forbes.com which released: “RSI Alert: Taro Pharmaceutical Industries (TARO) Now Oversold” on August 24, 2016, also Seekingalpha.com with their article: “Taro Pharma: Seeking A Catalyst” published on July 28, 2016, Seekingalpha.com published: “Invest Like Vailshire: Taro Pharmaceutical Industries Ltd Is A Hidden Gem” on September 30, 2015. More interesting news about Taro Pharmaceutical Industries Ltd. (NYSE:TARO) were released by: Seekingalpha.com and their article: “Taro Pharmaceutical Industries’ (TARO) CEO Kal Sundaram on Q4 2016 Results …” published on May 27, 2016 as well as Seekingalpha.com‘s news article titled: “Taro Shareholders Stand To Benefit From Ownership Struggle” with publication date: November 24, 2015.
TARO Company Profile
Taro Pharmaceutical Industries Ltd. (Taro), incorporated on June 3, 1959, is a science pharmaceutical company. The Firm develops, makes and markets prescription (Rx) and over-the-counter (OTC) pharmaceutical products, primarily in the United States, Canada and Israel. Taro also develops and makes active pharmaceutical ingredients (APIs), primarily for use in its finished dosage form products. The Company’s primary areas of focus include semi-solids formulations, such as creams and ointments, and other dosage forms, such as liquids, capsules and tablets, primarily in the dermatological and topical, cardiovascular, neuropsychiatric and anti-inflammatory therapeutic categories.
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