Agilent Technologies Inc (NYSE: A)
Agilent Technologies is having an overwhelmingly strong start to the trading session today. At the opening bell, the stock found itself slightly in the red. From there, we saw a slight dip. However, the momentum changed quickly. Minutes ago, the stock started spiking upward in a big way. Below, we'll talk about what we're seeing, why, and what we'll be watching for with regard to A ahead.
What We're Seeing From A
As mentioned above, Agilent Technologies wasn't off to the best of days today. When the opening bell, the stock was slightly in the red. From there, it dipped down a bit further. Nonetheless, minutes ago, that all changed as the stock started soaring. At the moment (9:58), A is trading at $48.48 after a gain of $0.74 per share (1.54%) thus far today.
Why The Stock Is Spiking
As is usually the case, our partners at Trade Ideas were the first to inform us of the gains on A. As soon as they did, the CNA Finance team started digging to see exactly what was causing the movement. In this case, it didn't take long to dig up the dirt. While there hasn't been any fundamental news released with regard to the company, we are seeing a rumor in the social space at the moment.
At the moment, regardless of the social network you use, chances are that you'll see the rumor if you search for Agilent Technologies. The rumor is that the company is going to be taken over soon. However, it is a very vague rumor. There has been no price mentioned nor a buyer. Nonetheless, investors seem to be excited about the prospect of a takeover.
What We'll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on A. In particular, we'll be watching to see if there is any validity to the rumors that are circling the stock at the moment. After all, an acquisition could lead to a larger return of value for investors. We'll be watching the news closely and bringing you the updates as they break!
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