Endo International up 99% on more than 26x normal volume

JoanneSamson
2022-06-29

  • Endo International $Endo International PLC(ENDP)$ shares have skyrocketed 99% as volume is up more than 26x the daily average on Tuesday afternoon.
  • As of 3:00 PM ET, ~414M shares had traded hands. Daily volume average is ~15.5M.
  • Endo (ENDP) may be benefitting from the U.S. Supreme Court's recent abortion decision. The company's Par Pharmaceutical division markets birth control pills.
  • Raymond James on Monday said the Supreme Court ruling could benefit companies that manufacture contraceptives, calling out Perrigo $Perrigo Co PLC(PRGO)$ specifically.
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