Merck(MRK, $88.71) to buy ArQule in $2.7 billion deal
Merck & Co. will acquire oncology specialist ArQule in a $2.7 billion deal.
Merck said it will pay $20 for each ArQule share, which would be a premium of more than 100% to the stock's closing price of $9.66 Friday on the Nasdaq.
ArQule specializes in research and development of targeted therapeutics for treatment of cancers and rare diseases. It will be merged into the broader Merck & Co.
The deal is expected to close early in the first quarter of 2020. The merger would allow Merck access to ArQule’s experimental treatment ARQ 531, a precision medicine that customizes treatment to a patient’s genetic profile.
MRK sees its Stochastic Oscillator ascends from oversold territory
On July 19, 2024, the Stochastic Oscillator for MRK moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 52 instances where the indicator left the oversold zone. In of the 52 cases the stock moved higher in the following days. This puts the odds of a move higher at over .
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Notable companies
The most notable companies in this group are Eli Lilly & Co (NYSE:LLY), Johnson & Johnson (NYSE:JNJ), Merck & Co (NYSE:MRK), ABBVIE (NYSE:ABBV), AstraZeneca PLC (NASDAQ:AZN), Pfizer (NYSE:PFE), Amgen (NASDAQ:AMGN), Bristol-Myers Squibb Co (NYSE:BMY), Gilead Sciences (NASDAQ:GILD), Biogen (NASDAQ:BIIB).
Industry description
The Major Pharmaceuticals industry includes companies that are involved in various processes of creating drugs to treat/prevent diseases. These companies engage in research, testing and manufacturing, as well as the distribution of pharmaceuticals into markets. Johnson & Johnson, Merck & Co., Inc., Pfizer Inc. and Novartis are among the largest companies in this category.
Market Cap
The average market capitalization across the Pharmaceuticals: Major Industry is 86.34B. The market cap for tickers in the group ranges from 72.83K to 739.66B. LLY holds the highest valuation in this group at 739.66B. The lowest valued company is CRXTQ at 72.83K.
High and low price notable news
The average weekly price growth across all stocks in the Pharmaceuticals: Major Industry was 6%. For the same Industry, the average monthly price growth was 10%, and the average quarterly price growth was 5%. MIRA experienced the highest price growth at 287%, while JCRRF experienced the biggest fall at -18%.
Volume
The average weekly volume growth across all stocks in the Pharmaceuticals: Major Industry was 46%. For the same stocks of the Industry, the average monthly volume growth was 99% and the average quarterly volume growth was 65%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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