Notable Stock News to Watch: Bausch Health Companies Inc. (NYSE:BHC)

Bausch Health Companies Inc. (NYSE:BHC) stock revealed change of 61.79% away from 52-week low price and recently located move of -43.57% off 52-week high price. It has market worth of $6.43B. BHC stock has been recorded 7.13% away from 50 day moving average and -9.01% away from 200 day moving average. Moving closer, we can see that shares have been trading 13.31% off 20-day moving average.

On Oct. 8, 2020, Bausch Health Companies Inc. (NYSE:BHC) provided a preliminary update on its third-quarter 2020 financial results and the pace of its business recovery from the COVID-19 pandemic.

Bausch Health expects third-quarter 2020 revenue to be greater than $2.1 billion, which would be a sequential increase of approximately 28% compared to the second quarter of 2020. Reported revenue in the second quarter of 2020 declined 23% compared to the second quarter of 2019, and the Company expects third-quarter 2020 reported revenue to decline approximately 3% compared to the third quarter of 2019.

Additionally, based on the pace of recovery of its various businesses observed in the third quarter of 2020 and assuming its businesses continue to rebound from the impact of the COVID-19 pandemic, Bausch Health currently expects its full-year 2020 revenue and Adjusted EBITDA (non-GAAP) to be around the midpoint of its current guidance ranges of $7.80 – $8.00 billion for revenue and $3.15 – $3.30 billion for 2020 Adjusted EBITDA (non-GAAP).

The Healthcare sector company, Bausch Health Companies Inc. noticed change of 12.19% to $18.04 along volume of 11475285 shares in recent session compared to an average volume of 4.39M shares. The stock observed return of 13.53% in 5 days trading activity. The stock was at 11.63% over one month performance. BHC’s shares are at 4.94% for the quarter and driving a -6.14% return over the course of the past year and is now at -39.71% since this point in 2018.

The average volatility for the week at 5.59% and for month was at 4.42%. There are 355.30M shares outstanding and 347.76M shares are floated in market. Right now the stock beta is 1.46.

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