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Why Endo Stock Is Soaring Today

TheMotleyFool

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Shares of Endo International (NASDAQ: ENDP) were soaring 23.2% higher as of 11:15 a.m. EDT on Tuesday. The big jump came as investors anticipated that the company would reach a settlement with several Tennessee counties involved in an opioid-related lawsuit.

District Attorney General Barry Staubus told Tennessee News Channel 11 (WJHL) that Endo has extended an offer to settle the case. Jury selection was scheduled to begin in a few days. Officials in Greene, Sullivan, and Washington counties are expected to hold public meetings tomorrow to review the settlement offer.

Image source: Getty Images.

Source Fool.com

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