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NEOG stock drops 7.22% after FDA warns of fungal contamination in recalled HYCOAT product

Market News
30 Sep 2026
PRNewsWire
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Bearish
NEOG stock drops 7.22% after FDA warns of fungal contamination in recalled HYCOAT product

Neogen Corporation's stock fell as much as 7.22% following an FDA warning about its recalled equine product HYCOAT, which was found to contain multiple fungal species. The contamination reportedly affected nearly 100 horses and caused at least 20 deaths. An investigation is underway to determine if Neogen misled investors about product quality before the warning became public. Investors who suffered losses may be eligible to seek compensation, with legal firms encouraging affected shareholders to submit their trading records for review. Neogen's next earnings report is due on October 6, 2026.

Neogen Investigation Notice provides context for readers interested in health-sector stocks. For readers following this sector, here is Pluang's market snapshot as of Oct 01, 2026 01:11 WIB: Among 100 priced health-sector US stocks, 48 rose and 52 fell. Notably, HRTX gained 5.58% with a typical hold time of 35 days and a Pluang order activity skewed 74% Sell / 26% Buy, contrasting with MRNA which dropped 5.52% and had a longer typical hold time of 59 days and 79% Sell / 21% Buy. Meanwhile, HIMS rose 5.47% with a very short typical hold time of 20 days and a strong buy interest at 99%.

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