Why AMAG Pharmaceuticals Stock Jumped Today
Shares of AMAG Pharmaceuticals (NASDAQ: AMAG) were jumping 13.2% higher as of 3:05 p.m. EDT on Monday. Today's move continued a rebound after the drug stock tanked last week on AMAG's disappointing second-quarter results.
Sometimes investors overreact to bad news, creating a buying opportunity for others who are more optimistic about a stock's prospects. That appears to be exactly what is happening with AMAG.
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Source Fool.com
