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Why Teva Pharmaceutical Industries, Seadrill and Nutanix fell today



<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The stock market had another challenging session Tuesday coming out of a long holiday weekend with ongoing concerns about what's going on for the global economy.The geopolitical environment is also a source of considerable uncertainty, and even US companies experiencing relatively solid relationships in their home markets are not quite comfortable whether they will look worse Some companies have already had to deal with bad news that sent their shares lower. Teva Pharmaceutical Industries (NYSE: TEVA) Seadrill (NYSE: SDRL) and Nutanix (NASDAQ: NTNX) were among the worst artists, here's why they did badly. "Data-response time =" 1
1 "> The stock market had another challenging session Tuesday, coming out of a long holiday weekend with constant concerns about what's going on for the global economy. The geopolitical environment is also still a source of great uncertainty, and even US companies experiencing relatively solid relationships in their home markets are not quite familiar with whether they will look worse in the near future. Some companies have already been dealing with bad news that sent their shares lower. (19459002) and Nutanix (NASDAQ: NTNX) Seadrill (NYSE: SDRL) was among the worst artists. That's why they did badly.

Teva makes a solution

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type Teva Pharmaceutical Industries fell more than 12% after the drugmaker said it had settled claims against it. Teva decided to pay $ 85 million to the state of Oklahoma to settle a dispute over allegations that the drug company played a role in the opioid crisis that affected not only that state, but also areas across the country. But investors were surprised at how big the settlement was. With a Cleveland federal government coming soon, Teva said it "remains ready to vigorously defend claims against the company." But the shareholders seem to recalculate how big the overall responsibility for Teva can turn out to be. "data-reactid =" 13 "> Shares in Teva Pharmaceutical Industries fell more than 12% after drugmaker said it had settled claims against it. Teva decided to pay $ 85 million to the state of Oklahoma to settle a dispute over allegations The drug company played a role in the opioid crisis, affecting not only the state but also territories throughout the country, however, investors were surprised at how big the settlement was. With a federal trial in Cleveland coming soon, Teva said it "is Still ready to defend the defense against the company. "Nevertheless, shareholders seem to recalculate the total liability of Teva.

Pill in blue glove hand with dozens of other pills scattered on a glass table.

Picture wedge de: Getty Images

Seadrill deals with weak oil prices

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text "content =" Seadrill's share continued to lose ground and dropped another 23% due to negative analyst comments during the long weekend. Carnegie Investment Bank sharpened its target price on the offshore drilling specialist by 88% to only NOK 25 per share. shares, or less than $ 3. Seadrill has a significant debt balance on its balance sheet, and although the company has made Trides against a recovery since oil prices have climbed from their recessions some years ago, Carnegie fears that improvements are not coming soon enough to allow Seadrill to pay down or refinance its financial liabilities. Unless crude oil can bounce back from the latest setbacks, Seadrill will find it difficult to move forward aggressively. "Seadrill's stock continued to lose ground and killed an additional 23% due to negative comments from analysts over the long weekend. Carnegie Investment Bank donated the offshore drilling specialist target price by 88% to just $ 25 per share or less than 3. $ Seadrill has a significant debt balance on its balance sheet and even though the company has made progress towards a recovery, as oil prices have climbed from their recessions some years ago, Carnegie fears that improvements will not come quickly enough to allow Seadrill to repay or refinance his financial commitments Unless crude oil can jump back from recent setbacks, Seadrill will find it difficult to move forward aggressively

Nutanix gets a downgrade

<p class = "canvas-atom canvas text Mb (1.0 em) Mb (0) – sm Mt em) – sm "type =" text "content =" Finall y, shares in nutanix fell almost 11%. The data storage specialist received negative comments from Morgan Stanley analysts, who cut their ratings from obesity to weight and slashed their pricing targets by $ 16 a year. Stocks at $ 37. Analysts identified potential competitors who are getting Nutanix and its technological capabilities. At the same time, Morgan Stanley acknowledged that the company's rivals see their own challenges, and it fears a major decline for the industry that could pull Nutanix down with it . Investors will get a better reading of the company's standing when Nutanix releases earnings results on Thursday. "Data Reaction =" 29 "> Finally, Nutanix shares fell almost 11%. The Data Storage Specialist received negative comments from Morgan Stanley analysts who cut their stock ratings from overweight to equal weight and slashed their prizes by $ 16 per share to $ 37. Analysts identified potential competitors picking up Nutanix and its technological capabilities, while Morgan Stanley acknowledged the company's rivals are facing their own challenges, creating fear of a wider downturn for the Nutanix industry. better reading of the company's standing when Nutanix releases earnings results Thursday

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text "content =" More from The Motley Fool "data-response time =" 30 "> More from Motley Fool

<p class =" canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content = " Dan Caplinger has no position in any of the mentioned shares. Motley Fool recommends Nutanix. Motley Fool has a disclosure policy . "data-reactid =" 38 "> Dan Caplinger has no position in any of the aforementioned shares. Motley Fool recommends Nutanix has an information policy.


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