$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 (2016-11-03), losing -19.51%. The number of shares that
changed hands was 2,251,630, or about 2 times the average daily volume in
the stock.
The closing price was $16.5, amounting to a market cap of $1,180,000,000,
about -63.33% off the highest price in the last 12 months. The stock has
been trading at a range between $16.4 and $45.0.
IPXL is in the Major Pharmaceuticals industry, part of the Health Care
sector.
Looking at its valuation, the stock is now trading at 34.96 times earnings.