In Thursday's Blitz Daily with Lance Ippolito, we take a look at generic pharmaceutical manufacturer Teva after its recent legal settlement.
It’s been a sloppy day of trading and I’m having a hard time maintaining my positivity right now... The Nasdaq is headed back down after flirting with its 200-day average, and order flow has fallen off the table.
One of Tuesday’s bright spots has been in pharma… of all places, with Isreali name Teva catching some positive news.
The company reached a settlement with the state of Florida over its contributions to the ongoing opioid epidemic. News of the finalized deal helped shares on their way to a 7.5% rally on Wednesday.
The bulls carried that momentum into Thursday’s session, with the Blitz Tracker spotting heavy trading in some long-dated options!
And even though it’s a slow day, that’s far from the only flow hitting the scanner…
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