Forest Laboratories (FRX) Shares Climb 5.6%

Shares of Forest Laboratories Inc. (NYSE: FRX) closed Tuesday trading up 5.65% at $27.67 per share.

Forest Laboratories Inc. opened Tuesday morning at $27.87 per share, and didn't show many dramatic movements for the rest of the day, trading between $27.22 and $28.14 per share.

Volume of nearly 15 million shares was nearly three and a half times greater than the daily average volume of 4.3 million shares.

Forest Laboratories Inc. has a 52 week trading range of $22.71 to $33.10 per share and a market capitalization of $8.3 billion.

Earlier today, J.P. Morgan analysts Chris Schott, Dewey Steadman and Jessica Fye reiterated their Underweight rating of Forest Laboratories shares, with a price target of $27 per share.