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Updated · MarketWatch · Apr 29Perrigo Co. PLC stock falls 1.91% during poor market session
8 articles · Updated · MarketWatch · Apr 29
- Shares closed at $11.29 on Wednesday, underperforming major competitors like Johnson & Johnson, Procter & Gamble, and Abbott Laboratories.
- The stock is now 60.30% below its 52-week high of $28.44 reached on July 25th, highlighting ongoing weakness.
- The broader market also declined, with the S&P 500 down 0.04% and the Dow Jones falling 0.57% during the session.
With a recent analyst upgrade, has Perrigo's stock finally hit rock bottom after its steep decline? Is Perrigo's 10% dividend a sign of value or a warning of deeper financial trouble ahead? After a $1.3B loss, can Perrigo's new cost-cutting plan save its 'transition year' from further decline? Perrigo lost $1.4 billion last year, so how can it afford to keep raising its dividend? Following a massive write-down, is Perrigo preparing to sell its struggling Infant Formula business?