After-Hours: 2 Stocks On The Move On Another Slow Friday Afternoon
U.S. stocks tumbled on Friday trading after U.S. jobs figures missed expectations while being conceived as strong enough to leave a possible rate hike before the year on the table.
After the market closed, shares of Mylan NV (NASDAQ: MYL), which had lost 2.44 percent over the regular trading session, gained almost 9 percent, after the company reported a deal to settle on EpiPen classification rebates to Medicaid. As per a press release, the company agreed to a $465 million settlement with U.S. several government agencies, including the Department of Justice, but did not recognize any wrongdoing.
In addition, management trimmed its fiscal 2016 adjusted EPS guidance from $4.85–$5.15 to $4.70–$4.90, while assuring it remains committed to its guidance of at least $6.00 in 2018 adjusted EPS.
On the other hand, Tesla Motors Inc (NASDAQ: TSLA) fell slightly (about 0.06 percent) after CEO Elon Musk tweeted “Cumulative Tesla Autopilot miles now at 222 million.”
The Vetr crowd has a 3.5-star (Buy) rating on shares of Tesla Motors. Its average price target of $209.99 implies a potential return of more than 7 percent from current valuations.
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Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.
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