Microsemi (MSCC) Stock: Gaining Big On Acquisition Chatter

Microsemi Corporation (NASDAQ: MSCC)

The CNA Finance team has noticed a spike in the value of Microsemi Corporation stock. After a brief investigation, we found that the cause is rumors of a possible takeover. Below, we’ll talk about what we’re seeing from the stock, why it’s happening, and what we can expect to see from MSCC next.

Trade smarter and make more money with Tradespoon!

Here’s What We’re Seeing From MSCC

Microsemi was off to a relatively strong day from the beginning. However, around 2:33, we noticed the beginning of a high-momentum uptrend. At the moment, that trend is continuing in a big way. Currently (2:38), MSCC is trading at $40.05 per share after a gain of $1.79 per share, or 4.68%.

Why It’s Happening

After a brief search for the reason we’re seeing the spike, CNA Finance found reports from Street Insider that a takeover could be in the wings. Of course, an acquisition generally sends the values of stocks skyrocketing. So, with news that MSCC might be a takeover target, the gains are coming.

What’s Next?

First and foremost, it’s important to keep in mind that the gains that we are seeing are the result of a rumor. There has been no confirmation from the company that a takeover is being attempted, nor that they are in talks about being acquired at all. With that said, in the short run, I’m expecting to see continued gains in Microsemi Corporation. At the end of the day, the idea that a takeover is coming will likely continue to excite investors.

However, the mid- and long-term view will largely depend on how this story evolves. If we find that MSCC is indeed in the midst of a takeover, this could be a major opportunity for gains.

Don’t waste your time! Click here to find winning trades in minutes!

Never Miss The News Again!

At CNA Finance, we pride ourselves on digging up the dirt quickly and sending our followers actionable news. For a limited time, we will send this news to your inbox absolutely free. Subscribe while you still can below!

Never Miss The News Again!

* indicates required



[Image Courtesy of Wikipedia]

Leave a Comment