Let’s take a look at five stocks on IBD’s Stocks on the Move screen, which are seeing some big-volume action: Chipotle Mexican Grill (CMG), Dycom Industries (DY), Fitbit (FIT), Pfizer (PFE) and Allergan (AGN). Chipotle is rebounding today from a loss of more than 12% on Friday. The fast-casual Mexican chain has been suffering from an E. coli outbreak that’s been linked to six states. But some analysts say the damage could be limited. Telecom
Big pharma Pfizer (PFE) fulfilled weeks of rumors Monday as it announced that it’s acquiring specialty-drug giant Allergan (AGN) in an all-stock deal valued at $160 billion. Pfizer agreed to provide Allergan shareholders with 11.3 Pfizer shares for each Allergan share, which based on Friday’s closing price values Allergan at $363.63 a share. This was somewhat lower than last week’s anonymously sourced press reports pegging the price at $370 to
Pfizer (PFE) will announce a takeover Monday morning to buy Botox maker Allergan (AGN) for more than $150 billion, according to multiple reports. That would make it the biggest tax inversion deal in history. Pfizer’s board signed off the deal Sunday, reports said, with a Monday announcement planned. Pfizer will pay 11.3 shares plus a small cash component for each share of Allergan. The stock element alone would be worth $363.63 per share. Reports