Shares of Smith & Nephew plc (NYSE: SNN) are trading up this morning on a day where many other stocks are trading lower. Shares are up almost 3% at $59.29 right after the open (9:45 AM EST) on only about 12,000 shares. There is some light chatter (again) that a larger medical devices company in teh US might be interested in this U.K.-based medical devices company.
Last week we saw price target hikes on this stock from Credit Suisse and JPMorgan. Whether or not this is in play, well that’s why they call it “chatter” or “rumors” in the market.
August 19, 2008
Leave a Reply
You must be logged in to post a comment.