Why Shares of Endo Pharamecuticals Are Soaring Today

Shares of Endo Pharmaceuticals (NASDAQ: ENDP) were on the rise Wednesday. As of 3:30 p.m. EDT, the stock was up by 14.2%.

Initially, the driving force for the rise was a report by WJHL-TV in Johnson City, Tenn., regarding a scheduled 2 p.m. press conference by Tennessee Attorney General Herbert Slatery that his office said would feature a "major announcement" on opioid litigation.

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Source Fool.com