Valeant Pharmaceuticals International (VRX) Stock Price Up 1.1%

Valeant Pharmaceuticals International, Inc. (TSE:VRX) (NYSE:VRX)’s share price rose 1.1% during mid-day trading on Monday . The stock traded as high as C$26.13 and last traded at C$25.39. Approximately 5,137,967 shares traded hands during trading, an increase of 229% from the average daily volume of 1,560,571 shares. The stock had previously closed at C$25.11.

VRX has been the topic of several research analyst reports. TD Securities upgraded Valeant Pharmaceuticals International from a “hold” rating to a “buy” rating and set a C$25.50 price objective on the stock in a research note on Wednesday, November 8th. Royal Bank of Canada restated a “sector perform” rating and set a C$23.00 price objective on shares of Valeant Pharmaceuticals International in a research note on Wednesday, November 8th.

In related news, Director Schutter Richard Urbain De bought 10,000 shares of the business’s stock in a transaction on Friday, November 17th. The shares were bought at an average cost of C$14.33 per share, for a total transaction of C$143,300.00.

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Valeant Pharmaceuticals International Company Profile

Valeant Pharmaceuticals International, Inc is a pharmaceutical and medical device company. The Company is engaged in developing and marketing a range of branded, generic and branded generic pharmaceuticals, over-the-counter (OTC) products, and medical devices (contact lenses, intraocular lenses, ophthalmic surgical equipment, and aesthetics devices).

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