Stock Track | Amphastar Pharmaceuticals Plummets 15.29% Intraday on Earnings Miss and Analyst Target Price Cut

Stock Track

02/27

Amphastar Pharmaceuticals' stock plummeted 15.29% at the open on Friday, extending a sharp decline from the previous session.

The sell-off was triggered by the company's fourth-quarter financial results, which missed analyst expectations for both earnings per share and revenue. Adding to the negative sentiment, Jefferies cut its price target on the stock to $30 from $38.

The combination of disappointing earnings performance and the analyst downgrade prompted the substantial intraday decline as investors reassessed the company's near-term prospects.

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