Dean Foods Co (NYSE: DF)
Dean Foods was off to a relatively normal start in the trading session today. However, that has changed, and it changed quickly. Minutes ago, the CNA Finance team noticed a spike on the stock, and we believe we’ve found the reason. Today, we’ll talk about what we’re seeing from the stock, why, and what we can expect to see from DF ahead.
DF Gains Big
As mentioned above, Dean Foods was off to a relatively normal start to the day. While it was seeing gains, those gains were well below 1%. However, that changed quickly. In fact, just minutes ago, this stock decided to spike higher. Currently (11:48), DF is trading at $17.56 per share after a gain of $0.86 per share or 5.15%.
Why Is The Stock Gaining
As soon as the spike started, the CNA Finance team started searching for clues as to why it was happening. It didn’t take long to come up with the reason. A recent Bloomberg report suggests that there may be strong backing for a DF takeover. And we all know that nothing seems to excite investors quite as much as hopes of an acquisition.
What We Can Expect To See Ahead
At the moment, it’s important to remember that the rumors with regard to a possible acquisition are just that. While there seems to be stronger backing for a Dean Foods takeover, that doesn’t mean that the takeover is going to happen. Nonetheless, get ready for a strong day as DF investors are in a frenzy. Moving forward, it’s going to be important to watch this story unfold. After all, this news could really move the needle for DF ahead.
Never Miss The News Again!
Do you want real-time, actionable news delivered to your inbox? Join the CNA Finance mailing list below!
[Image Courtesy of Wikipedia]