Perrigo Company ( (PRGO) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Perrigo Company’s stock movement is influenced by its Q2 revenue falling slightly below expectations, attributed to challenges in the consumer market. Despite this, the company remains committed to its FY25 revenue target, although it anticipates slower growth due to changes in the infant formula industry and market consumption trends. Strategic moves, such as selling its dermacosmetics business, are intended to bolster core operations and increase shareholder value.
More about Perrigo Company
YTD Price Performance: 5.72%
Average Trading Volume: 1,138,150
Technical Sentiment Signal: Sell
Current Market Cap: $3.66B
For further insights into PRGO stock on TipRanks’ Stock Analysis page.
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