14.20
0.70%
-0.10
After Hours:
14.34
0.14
+0.99%
Overview
News
Price History
Option Chain
Why RDY Down?
Discussions
Forecast
Stock Split
Dividend History
Why is Dr Reddys Laboratories Ltd Adr (RDY) Stock down?
11 Dec, 2023:
Shares of Dr. Reddy's Laboratories Ltd. ADR (RDY) dropped by 5.81% from $68.86 to $64.86 in the trading on Monday, December 11, 2023. The reason why RDY is down today is due to the U.S. Food and Drug Administration (FDA) issuing three observations for Dr. Reddy's Telangana plant in India, the company's facility that contributes around 30% of its U.S. revenue. This news represents the steepest stock decline since mid-August. In summary, RDY's shares fell notably on FDA observations related to its Telangana facility, highlighting the impact of regulatory matters on stock performance in the pharmaceutical sector.
Open in Yahoo
|
Open in Google
|
Open in Finviz
|
Open in MarketWatch
|
Open in EDGAR
|
Open in Reuters
Cap:
|
Volume (24h):