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Teva Pharmaceuticals Plunges 11.94% to 2024 Low
Generated by AI AgentAinvest Movers Radar
Thursday, Apr 10, 2025 6:28 pm ET1min read
Teva Pharmaceutical Industries (NYSE:TEVA) experienced a significant decline, with its share price falling to its lowest level since February 2024 today, marking an intraday drop of 11.94%.
Teva Pharmaceutical Industries has seen a volatile week, with its stock price experiencing both significant gains and losses. The company's stock price increased by 14% over the past week, driven by positive regulatory developments. However, this was followed by an 11% decline, reflecting a broader market downturn. The heavy put volume and directionally bearish activity indicate a negative sentiment among investors.
On April 9, 2025, Teva's stock price fell by 4.90% on the Tel Aviv Stock Exchange, in line with a general market decline. Despite the recent volatility, BofA Securities analyst Jason Gerberry maintained a buy rating for
, although he adjusted the target price from $23 to $20, reflecting a cautious optimism about the company's future prospects.
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