Mallinckrodt shares are trading higher on continued volatility following last week's reports of the company considering bankruptcy as part of a plan to avoid opioid payments.
Portfolio Pulse from Benzinga Newsdesk
Mallinckrodt shares are experiencing increased volatility following reports last week that the company is considering bankruptcy as a strategy to avoid opioid payments.
July 31, 2023 | 6:16 pm
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Mallinckrodt's stock is experiencing increased volatility due to reports of potential bankruptcy to avoid opioid payments.
The news of a potential bankruptcy to avoid opioid payments is a significant negative development for Mallinckrodt. This has led to increased volatility in the company's stock, indicating investor uncertainty. In the short term, this could put downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100