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via finance.yahoo.comBusiness & Companies

Rhythm Pharmaceuticals jumps 28% on AstraZeneca bid report

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Rhythm Pharmaceuticals (NASDAQ) shares surged 28% on Wednesday after The Wall Street Journal reported that AstraZeneca (NASDAQ) had made a $10 billion acquisition offer for the biotech company. Still guessing which stocks will beat the market? Our AI portfolio…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishA reported $10 billion takeover bid for a biotech is a sector-relevant M&A event.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01According to the Wall Street Journal, AstraZeneca offered $124 per share.
  2. 02Rhythm shares closed at $110.68, up from around $95 earlier in the session.
  3. 03Market capitalization was about $7.7 billion at the close.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Rhythm Pharmaceuticals, Inc.RYTMStock110.68 USDMarket closedtoday +28.04%Positive AstraZeneca PLCAZNStock189.01 USDMarket closedtoday +2.79%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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