The stock of Taro Pharmaceutical Industries Ltd. (NYSE:TARO) is a huge mover today! The stock decreased 3.37% or $3.62 during the last trading session, hitting $103.95. About 176,121 shares traded hands. Taro Pharmaceutical Industries Ltd. (NYSE:TARO) has declined 24.91% since April 13, 2016 and is downtrending. It has underperformed by 28.84% the S&P500.
The move comes after 6 months negative chart setup for the $4.54 billion company. It was reported on Nov, 15 by Barchart.com. We have $95.63 PT which if reached, will make NYSE:TARO worth $363.20 million less.
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: Prnewswire.com which released: “Shareholder Class Action Filed Against Taro Pharmaceutical Industries Ltd. – TARO” on November 15, 2016, also Forbes.com with their article: “RSI Alert: Taro Pharmaceutical Industries (TARO) Now Oversold” published on August 24, 2016, Globenewswire.com published: “INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Taro …” on November 14, 2016. More interesting news about Taro Pharmaceutical Industries Ltd. (NYSE:TARO) were released by: Nasdaq.com and their article: “Taro Pharmaceutical Industries Enters Oversold Territory (TARO)” published on November 03, 2016 as well as Prnewswire.com‘s news article titled: “EQUITY ALERT: Rosen Law Firm Files Securities Class Action Lawsuit Against …” with publication date: October 25, 2016.
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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