Teva Pharmaceutical Industries Ltd. jumped 18.7% on the New York Stock Exchange between Thursday market opening and Friday market close, following the company’s official announcement regarding its reorganization plan, including the layoffs of 14,000 employees. The increase saw Teva regain its status as the highest valued Israel-based company in terms of market capitalization, with a current capitalization of $18.907 billion. Nasdaq-listed information security company Check Point Software Technologies Ltd. dropped from first to second place, with a current market capitalization of $17.52 billion.
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Some analysts are responding favorably to the announced plan….
Read the full article at: https://www.calcalistech.com/ctech/articles/0,7340,L-3727590,00.html