Endo International (NASDAQ: ENDP)
Endo International was off to what seemed like a relatively normal day in the market today. While the stock has spent most of the morning in the green, nothing in the movement was too exciting. That is, until minutes ago when the stock started to spike. Below, we'll talk about what we're seeing from ENDP, why, and what we'll be watching for ahead.
What We're Seeing From ENDP
As mentioned above, Endo International was off to a relatively normal day in the market today. When the opening bell rang, the stock started working its way to the green. While it has spent the day in the green thus far, the movement hasn't been too exciting. That is, until minutes ago when the stock started to spike. Currently (11:00), ENDP is trading at $17.11 per share after a gain of $0.57 per share (3.44%) thus far today.
Why The Stock Is Gaining
As is the case most of the time, our partners at Trade Ideas were the first to inform us of the gains on ENDP. As soon as they did, the CNA Finance team started digging to see exactly what was leading to the movement. In this particular case, the news wasn't very hard to find. It seems as though it has to do with guidance.
While we didn't see the message directly from the company, and haven't confirmed this just yet, we did see something interesting in the social space. Open Outcrier, a well respected Twitter personality among investors, said “$ENDP Hearing Reaffirms 2016 guidance.” Of course, there has been no confirmation, but Open Outcrier is usually right on the money.
What We'll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on ENDP. In particular, we're interested in learning more about the company's guidance and whether or not they have reaffirmed previous expectations. We'll keep a close eye on the news and bring it to you as it breaks!
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