Phibro Animal Health Up 10% After Insider Move
Phibro Animal Health shares jumped 10.3% to $31.45 on Wednesday after director E. Thomas Corcoran bought 10,000 shares following a recent selloff. The stock outperformed peers and indexes, but remains well below its 52-week high of $60.08. Investors remain cautious amid concerns over new Brazilian regulations and future earnings stability. Phibro set a 12 cent per share dividend for shareholders of record June 3.