Benzinga | Feb 12, 2021 02:50PM EST

Why Bausch Health's Stock Is Trading Higher Today

Bausch Health Companies (NYSE:BHC) shares are trading higher Friday after Icahn Partners disclosed a 7.83% active stake in the company.

Bausch Health is a multinational specialty pharmaceutical company based in Laval, Canada. It develops, manufactures and markets pharmaceutical products and branded generic drugs, primarily for skin diseases, gastrointestinal disorders, eye health, and neurology.

Bausch Health shares were trading up 4.58% at $31.49 on Friday. The stock has a 52-week high of $32.25 and a 52-week low of $11.15.