09:05
News Health Technology sports
The only non-Israeli company on the
Tel Aviv benchmark TA-25 stock index, Perrigo Co. (PRGO), is defying
the market’s slump this year, surging the most since 2007 on
speculation the maker of generic drugs will benefit as consumers
switch from more expensive brand names.
Perrigo, the Allegan, Michigan-based company that joined the index after buying B’nei Brak, Israel-based Agis Industries Ltd. in 2005, has climbed 54 percent in 2011 while the TA-25 is down 22 percent. Perrigo was little changed at the 4:30 p.m. close in Tel Aviv after sliding 2.1 percent in New York on Oct. 7. The U.S. shares dropped 1.9 percent last week, while the Bloomberg Israel-US 25 Index of the largest New York-traded Israeli companies rose 0.6 percent, led by ClickSoftware Technologies Ltd. (CKSW) The TA-25 fell 1.4 percent today. Read Here
Perrigo, the Allegan, Michigan-based company that joined the index after buying B’nei Brak, Israel-based Agis Industries Ltd. in 2005, has climbed 54 percent in 2011 while the TA-25 is down 22 percent. Perrigo was little changed at the 4:30 p.m. close in Tel Aviv after sliding 2.1 percent in New York on Oct. 7. The U.S. shares dropped 1.9 percent last week, while the Bloomberg Israel-US 25 Index of the largest New York-traded Israeli companies rose 0.6 percent, led by ClickSoftware Technologies Ltd. (CKSW) The TA-25 fell 1.4 percent today. Read Here
Posted in: Health
0 comments:
Post a Comment