Takeover Rumors Around Raptor Pharmaceutical (RPTP); Bullish View On Digital Ally (DGLY)
Shares of Raptor Pharmaceutical Corp. (Nasdaq:RPTP) climbed over 15% to touch the $8.00 mark in early trade Thursday following a report from Spain’s Intereconomia indicating that biotech giant Shire PLC (Nasdaq:SHPG) has offered to acquire the biopharmaceutical company for $800 million, and a report from Bloomberg suggesting that rare-disease drugmaker Retrophin Inc. (Nasdaq:RTRX) is considering the acquisition of Raptor Pharma.
RPTP stock is currently changing hands at $7.44, up $0.54 (or +7.83%) with 3.64M shares of the company traded so far
Raptor Pharmaceutical, which focuses on developing and commercializing transformative treatments for people affected by rare and debilitating diseases, has 85.31M Shares Outstanding and RPTP stock 52-week range is from $2.94 to $13.54 per share
Digital Ally, Inc. (Nasdaq:DGLY) shares soared more than 25% to reach the $6.99 mark during intraday trading Thursday after investment analysts at Maxim Group initiated coverage on the company’s stock with a Buy rating and a price target of $15.00, representing upside potential of more than 100% from its current price.
DGLY stock is trading at $6.08, up $0.52 (or +9.35%) and 1.84M of its shares changed hands so far
Digital Ally, which produces digital video imaging and storage products for use in law enforcement, security, and commercial applications, has 5.38M Shares Outstanding and DGLY stock one-year range is between $3.51 and $9.00 per share
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