Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Endo Stock Is Crashing Today

TheMotleyFool

0 0

Shares of Endo International (NASDAQ: ENDP) were crashing 28.6% lower as of 11:07 a.m. EDT on Friday. The big decline came after The Wall Street Journal reported that the drugmaker has engaged Alvarez & Marsal to look into a potential financial restructuring.

The report of a potential restructuring is only the latest of woes Endo has faced related to a flood of opioid-related lawsuits. The pharmaceutical stock had already plunged 66% year to date before today's drop.

Image source: Getty Images.

Source Fool.com

Like: 0

ENDP

Share