Radius Health Inc (NASDAQ: RDUS)
Radius Health was off to a relatively normal day in the market today. At the opening bell, the stock was trading slightly in the green. As the session started to roll, it quickly found its way to the red and bounced around a bit. From there, it saw both gains and losses, but nothing was worth writing home about. That is until minutes, ago when the stock started to spike. Below, we’ll talk about what we’re seeing from RDUS, why the stock is spiking upward, and what the CNA Finance team will be watching for ahead.
What We’re Seeing From RDUS
As mentioned above, Radius Health was having a pretty normal day in the market today. After starting the day in the green, the company fell to the red, bounced around before making it back to the green, and repeated. However, nothing about the movement was too exciting. That is until minutes ago, when the stock started to soar. At the moment (11:48), RDUS is trading at $45.84 per share after a gain of $0.83 per share (1.84%) thus far today.
Why The Stock Is Headed Up
As is almost always the case, our partners at Trade Ideas were the first to inform us of the gains on RDUS. As soon as we received the alert, the CNA Finance team started digging to see why the stock was spiking. In this case, the gains seem to be the result of acquisition hopes stemming from a recent Street Insider report.
Street Insider said that Shire PLC is still interested in acquiring Radius Health. Of course, if the acquisition were to happen, it would likely return tremendous value to shareholders. However, nothing is set in stone. While SHPG does have an interest in acquiring RDUS, no offer has been made as of yet.
What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on both RDUS and SHPG. In particular, we’re watching to see if an offer is made and an acquisition does indeed happen. We’ll be watching the news closely and bringing you the updates as they break!
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