ABRX Blacks Out Investors, Media and Analysts After Colossal Blowup
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Hearing from sell-side contacts that Able Laboratories Inc (Nasdaq: ABRX) has blacked out them, the media, and the company�s largest shareholders from details of its decision to temporarily suspended all product shipments.
With the stock trading 17 million shares, about 700% more than normal, there is some bottom fishing going on. For fiscal 04 the company reported $103 million in revenue and $14.5 million in net income. The stock is currently trading at $6.57 after closing at $24.63.
With the stock trading 17 million shares, about 700% more than normal, there is some bottom fishing going on. For fiscal 04 the company reported $103 million in revenue and $14.5 million in net income. The stock is currently trading at $6.57 after closing at $24.63.
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