Mallinckrodt Shares Fall 20% Premarket After Wall St Journal Reported Friday, Co Exploring Repeat Bankruptcy as $200M Opioid Payment Comes Due
Portfolio Pulse from Charles Gross
Mallinckrodt shares fell 20% premarket after the Wall Street Journal reported that the company is exploring repeat bankruptcy as a $200 million opioid payment comes due.
June 05, 2023 | 10:21 am
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Mallinckrodt's stock price fell 20% premarket as the company considers repeat bankruptcy due to a $200 million opioid payment.
The news of Mallinckrodt exploring repeat bankruptcy due to the $200 million opioid payment coming due has a direct negative impact on the company's stock price. Investors are likely to be concerned about the company's financial stability, leading to a decrease in stock price.
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