Mylan Recovers From An Early Punch To the Gut

Mylan (MYL) was quite active in trading today, especially given the generally neutral trading activity of the overall marketplace. At market open, the stock was pressured to the downside off of negative commentary from Morgan Stanley. The company stated that Mylan was unlikely to benefit from current positive developments due to “uncertain prospects” on future product sales and pipeline development with sector trends in mind. However, after initially declining, the stock began to sharply recover near the middle of the session. Here’s a recap of what happened.

Mike Patton
Mike Patton
Mike Patton took the leap into the markets beginning as a commodities broker in 2005, where he was responsible for identifying trading opportunities and executing trades on behalf of clients. After years as a broker he made the jump to education by joining the team at Trading Advantage, now Prosper Trading Academy.