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Micron Soars, Dell Falls, Bio-Techne Drops After Merck KGaA Secures $11.3 Billion Purchase
Published 3 months, 2 weeks ago
Description
On this episode of Stock Movers:
-Micron (MU) shares surged after the company issued a quarterly sales forecast that exceeded Wall Street estimates, signaling that an AI-fueled growth run remains strong.
-Dell (DELL) shares fall after GF Securities Co. Ltd. downgraded the computer and server company to hold from buy. Analyst Jeff Pu writes that the valuation is stretched, with shares up 245% this year.
-Bio-Techne (TECH) shares fall. Merck KGaA agreed to buy Bio-Techne Corporation for about $11.3 billion to bolster its life-science business. Merck agreed to pay $73 per share in cash for the US diagnostics firm, a premium of roughly 24% on Bio-Techne’s closing price on Wednesday.
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