Akorn, Inc: Business Is In Distress [Seeking Alpha]
AKORN (AKRX)
Last akorn earnings: 10/31 07:00 am
Check Earnings Report
US:NASDAQ Investor Relations:
investors.akorn.com
Company Research
Source: Seeking Alpha
Summary Akorn, Inc. ( AKRX ) develops, manufactures, and markets prescription and generic drugs. The prescription business makes up about 90% of revenues. AKRX's stock price hints about the drama the company has been embroiled in, as the firm agreed to be acquired by German pharmaceutical company Fresenius ( OTCQX:FSNUF ) during 2017 before Fresenius reneged on the deal: AKRX data by YCharts In response to Fresenius' backing out of the acquisition, AKRX brought suit seeking a court order forcing Fresenius to fulfill its end of the contractual obligation to purchase AKRX for $34 per share in cash. The Court ruled against AKRX. The company has gone on to submit an appeal of the previous Court's June verdict which released Fresenius from its purchasing obligation. So, the merger is looking fairly unlikely and there's no harm in accounting for it as a possible bonus to a long position. Excluding the potential bailout for AKRX shareholders from the rest of this
Show less
Read more
Impact Snapshot
Event Time:
AKRX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AKRX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AKRX alerts
High impacting AKORN news events
Weekly update
A roundup of the hottest topics