Intuitive Surgical, Inc. (NASDAQ:ISRG) is having an incredibly strong start to the trading session this morning, following rumors of takeover interest. Investors are overwhelmingly excited as a result of the rumors, causing the stock to head up and prompting our partners at Trade Ideas to alert us to the trend. At the moment (10:45), ISRG is trading at $771.95 per share after a gain of $9.61 per share (1.26%) thus far today.
ISRG Gains On Rumors Of Potential Buyout By MDT
As mentioned above, investor excitement is surrounding Intuitive Surgical, and for good reason. There’s a rumor breaking that Medtronic Plc (NYSE:MDT) is interested in taking the company over. At the moment, the rumors do not offer what the potential price of the takeover would be, and in all honesty, the rumors are overwhelmingly vague.
Any time we see something like this, we feel the need to remind investors that the gains are being caused by nothing more than rumors, and takeover rumors in the market prove to be invalid in most cases. With that said, don’t hang your hat on the idea that MDT is going to takeover ISRG, because chances are that it’s not going to happen.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on ISRG and MDT. In particular, we’re interested in learning whether or not there is any validity to the takeover rumors that are surfacing in the market at the moment. We’ll continue to follow the story closely and bring the news to you as it breaks!
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