Akorn, Inc Shares Hit 52-Week High, Up 12.2% (AKRX)

Shares of Buffalo Grove, Illinois-based Akorn, Inc. AKRX are trading up 12.2% at $5.98 per share during the Wednesday afternoon trading session. The day's trading range for shares of Akorn, Inc has been between $5.38 and a 52-week high of $6.11 per share. Analysts covering Akorn, Inc. (AKRX) stock give it a consensus price target of $7.50 per share. Trading volume for Akorn, Inc has been heavier than usual, with 1.7 million shares having been traded today, nearly triple the daily average volume of 580,000 shares. Akorn, Inc. is a niche pharmaceutical company engaged in the development, manufacture and marketing of multi-source and branded pharmaceuticals. Akorn has manufacturing facilities located in Decatur, Illinois and Somerset, New Jersey where the company manufactures ophthalmic and injectable pharmaceuticals. Read more from Benzinga's Company news.