$IPXL is one of biggest losers #stocks today. read more:

Impax Laboratories, Inc. (symbol: IPXL) was one of the worst losers of the
trading day today (2016-06-21), losing -11.45%. The number of shares that
changed hands was 3,034,880, or about 5 times the average daily volume in
the stock.
The closing price was $28.31, amounting to a market cap of $2,010,000,000,
about -44.94% off the highest price in the last 12 months. The stock has
been trading at a range between $27.62 and $51.42.
IPXL is in the Major Pharmaceuticals industry, part of the Health Care
sector.
Looking at its valuation, the stock is now trading at 59.47 times earnings.