Parexel Defended After Post-Guidance Sell-Off

By | June 26, 2014

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Contract research organization Parexel International (PRXL) got a pair of upgrades Thursday after its stock sold off Wednesday following the company’s 2015 guidance. Investors still seemed undecided, however, as the stock opened up 6% but backtracked to a gain of less than 3%, near 53.25, in midday trading in the stock market today. Ahead of its annual investor day on Wednesday, Parexel affirmed its guidance for fiscal 2014, which ends June 30, Scalper1 News

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