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Why Did Valeant Stock Drop 46% This Week (NYSE: VRX)
The Valeant stock drop has now reached nearly 46% this week. Today (Thursday), Valeant Pharmaceuticals Intl. Inc. (NYSE: VRX) stock is down another 20% as shares trade near $95.
The worst Valeant stock drop happened Wednesday when shares fell 40% intraday amid a scathing report from Citron Research. VRX stock ended Wednesday's session down 19%.
Here's what caused the sell-off and why Valeant shares may have further to fall...
The Valeant stock drop has now reached nearly 46% this week. Today (Thursday), Valeant Pharmaceuticals Intl. Inc. (NYSE: VRX) stock is down another 20% as shares trade near $95.
The worst Valeant stock drop happened Wednesday when shares fell 40% intraday amid a scathing report from Citron Research. VRX stock ended Wednesday's session down 19%.
Here's what caused the sell-off and why Valeant shares may have further to fall...