Perrigo Company (PRGO) : Traders are increasing their bearish positions on the stock, as is visible by the 10.7% jump in the outstanding short positions; a total addition of 644,361 shares on the sell side. On Jul 29, 2016, the total short positions were 6,008,277 shares, which went up to 6,652,638 shares by the close of trading on August 15, 2016. It will take 2 days for the bears to roll over or cover. An average of 3,158,969 shares exchange hands daily. 4.9% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.
Perrigo Company (NYSE:PRGO): The stock opened at $91.40 on Wednesday but the bulls could not build on the opening and the stock topped out at $92.46 for the day. The stock traded down to $87.11 during the day, due to lack of any buying support eventually closed down at $87.85 with a loss of -3.88% for the day. The stock had closed at $91.40 on the previous day. The total traded volume was 2,987,865 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive VP & CFO) of Perrigo Co Plc, Brown Judy L had sold 2,776 shares worth of $350,387 in a transaction dated April 13, 2016. In this transaction, 2,776 shares were sold at $126.22 per share.