Hot Stocks In Focus: Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA), Visa Inc (NYSE:V)

On Friday, Shares of Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA), SUBTRACT -0.60% and closed at $46.01 in the last trading session. The last trading range of the stock ranges between $45.76 and $46.76. Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) recently declared that it has accomplished its acquisition of Anda, Inc., a leading distributor of generic pharmaceuticals in the U.S., from Allergan plc.

“We are happy that Anda, Inc., one of the leading distributors of generic medicines in the U.S., is now part of Teva. This acquisition reflects our continued view that attractive growth opportunities, both external and organic, exist for our business and for our extensive supply chain network in particular,” said Siggi Olafsson, President & CEO of Global Generic Medicines. “This acquisition facilitates us and our customers to provide more patients throughout the country with access to generic medicines.”

“We are excited to become part of Teva’s distribution network to support our customers and patients across the country,” said Charles D. Phillips, President & CEO of Anda. “By joining forces with Teva, Anda’s product offerings will significantly increase and we will be able to reach more patients in the United States.”

Visa Inc (NYSE:V), jumped 0.95% and closed at $82.70 in the last trading session. The last trading range of the stock ranges between $81.68 and $83.04. The company’s Market capitalization is $197.10 Billion with the total Outstanding Shares of 1.89 Billion. Visa Inc. (NYSE:V) recently celebrated the one-year anniversary of the official launch of chip payment technology in the United States. With steady progress and growth since October 1, 2015, there are now more than 1.46 million chip-facilitated businesses and 363 million chip-facilitated Visa cards, making the U.S. the leading Visa chip card market in the world. The number of Visa chip transactions surpassed half a billion in the month of August, representing a 1,000+ percent annual increase.

When Visa first introduced a roadmap to bring chip technology to U.S. payments, it set out three primary drivers: prevent counterfeit fraud, accelerate the adoption of mobile payments, and enhance convenience and payment security for international travelers. In the five years since that journey began, there has been demonstrable progress in each area.

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