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Where Will Perrigo Company PLC (PRGO) Stock Go Next After It Has Fallen 3.97% in a Week?

Friday, September 22, 2023 03:18 PM | InvestorsObserver Analysts

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Where Will Perrigo Company PLC (PRGO) Stock Go Next After It Has Fallen 3.97% in a Week?

The market has been down on Perrigo Company PLC (PRGO) stock recently. PRGO gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Perrigo Company PLC has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on PRGO!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With PRGO Stock Today?

Perrigo Company PLC (PRGO) stock has fallen -1.44% while the S&P 500 is higher by 0.24% as of 3:03 PM on Friday, Sep 22. PRGO is down -$0.47 from the previous closing price of $32.68 on volume of 609,707 shares. Over the past year the S&P 500 is higher by 14.52% while PRGO is down -16.66%. PRGO lost -$0.50 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for Perrigo Company PLC click here.

More About Perrigo Company PLC

Perrigo Co PLC is a leading private label supplier of generic over the counter (OTC) drugs in the U.S. and Europe. The company's product offerings fall under traditional OTC drug categories (i.e. cough, cold, allergy, pain), in addition to oral care, infant nutrition (formula), and nicotine cessation aids. In addition to private label manufacturing, the company also sells products under its own brands (largely in the skincare and oral-care category). The company became a pure-play in OTC consumer healthcare in 2021, following a series of divestitures over several years (sold off generic prescription topicals, animal health, and active pharmaceutical ingredient business). In late 2021, Perrigo signed an offer to acquire HRA Pharma. Click Here to get the full Stock Report for Perrigo Company PLC stock.

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