Bausch & Lomb Corp

BLCO: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$47.00	Cnctnt	Mkwswlhv

Bausch & Lomb: Firm Sees Shaky Trading Day on "Unsubstantiated" Report; No Change in Our Outlook

Keonhee Kim

Jul 24, 2024

Bausch & Lomb shares experienced unusual volatility on July 24 from news on its parent company Bausch Health. Reorg, a data and analytics provider, reported that Bausch Health was in talks to file for Chapter 11 bankruptcy, which sent its shares as well as Bausch & Lomb shares to plummet, falling at one point over 45% and 15%, respectively. Since then, however, Bausch Health responded that it is not considering bankruptcy and that Reorg's article contains "unsubstantiated" information. Bausch Health and Bausch & Lomb somewhat recovered losses but still closed about 23% and 5% lower, respectively, from close the day before.

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