Spectranetics Corp (NASDAQ: SPNC) is having an overwhelmingly strong time in the market at the moment, and for good reason. Rumors are breaking surrounding a potential takeover of the company. Of course, this is leading to excitement among investors, causing gains in the value of the stock. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. At the moment (12:18), SPNC is trading at $28.65 per share after a gain of $0.90 per share or 3.24% thus far today.
SPNC Gains On Rumored Takeover Interest
As mentioned above, Spectranetics is having an overwhelmingly positive time in the market at the moment, and for good reason. At the moment, there are rumors surrounding the possible takeover of the company. The rumors don’t necessarily suggest that the company is in the process of a takeover, but they do suggest that it is attracting takeover interest, and that’s exciting investors.
Of course, it’s important to keep in mind that we see rumors in the market all the time. While some of these rumors do prove to be true, the vast majority of these rumors are false. So, if you’re going to trade on this news, make sure that you trade with caution!
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team is going to be keeping a close eye on SPNC. In particular, we’re interested to see if the rumored takeover interest is true, and if it is, whether or not a takeover will indeed happen. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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