👀 Ones to watch: Undervalued stocks to buy before they report Q3 earningsSee Undervalued Stocks

Midday movers: Horizon Therapeutics, Coupa Software, Microsoft and more

Published 12/12/2022, 12:26 PM
Updated 12/12/2022, 12:44 PM
© Reuters.
MSFT
-
AMGN
-
LSEG
-
HZNP
-
MBGAF
-
COUP
-
WEBR
-
RIVN
-

By Liz Moyer

Investing.com -- Stocks are rising as investors await key inflation data and the Federal Reserve's decision on the next direction for interest rates. Here are the midday movers for Dec. 12.

  • Horizon Therapeutics PLC (NASDAQ:HZNP) stock jumped 15% after Amgen made a $27.8 billion offer to buy the biotech firm. It would be Amgen's biggest deal and add to its portfolio of drugs such as Tepezza for treating thyroid eye disease. Amgen Inc (NASDAQ:AMGN) shares fell 1.5%.

  • Coupa Software Inc (NASDAQ:COUP) stock jumped more than 26% after the maker of business software agreed to an $8B take-private offer from Thoma Bravo.

  • Microsoft Corporation (NASDAQ:MSFT) shares rose 1.8% after it agreed to take on a 4% stake in the London Stock Exchange Group (LON:LSEG). The deal is part of a 10-year partnership that includes data, analytics and cloud computing products.

  • Weber Inc (NYSE:WEBR) stock jumped 23% after the maker of grills and other outdoor equipment agreed to a $3.7B take-private offer from BDT Capital. BDT is buying the rest of the shares it doesn't own for $8.05 each.

  • Rivian Automotive Inc (NASDAQ:RIVN) stock fell 4.5% after it said it would put on hold a plan to make electric vans in Europe in partnership with Mercedes-Benz (OTC:DDAIF). It added it could pursue other projects with Mercedes at a "more appropriate" time.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.