Seeking Alpha

Akorn adds to selloff, down 21%

|About: Akorn, Inc. (AKRX)|By: , SA News Editor

Akorn (AKRX -21.1%) slumps on more than triple normal volume. Shares have sold off more than 32% since Monday when it announced an extension of its standstill agreement with lenders until February 7, 2020, to allow more time for it to evaluate strategic alternatives aimed primarily at addressing litigation-related liabilities. Investors appear wary that it may file for bankruptcy protection.

Try Seeking Alpha PREMIUM for unlimited analysis on AKRX