Home Options Trading Advantage Options – Shares of Allergan Volatile on Job Eliminations News

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Shares of Allergan (AGN) were volatile in trading on Wednesday after it was reported that the company plans to eliminate 1,000 currently filled jobs. This would amount to a nearly 10% reduction in its workforce. The company stated that this move was designed to offset the impact of increased competition on its bottom line. AGN shares closed down -0.11% at 170.14, but traded as low as 168.82 and as high as 172.47 during the session. Keep an eye on the stock for further potential volatility.


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