- Manchester United Plc (MANU) stock rose as the English soccer club sold a minority stake to British billionaire Jim Ratcliffe
- Hollysys Automation Technologies Ltd. (HOLI) stock increased after receiving an updated buyout offer
- RayzeBio Inc. (RYZB) stock surged as the biotech company agreed to be acquired by Bristol-Myers Squibb Co.
- Bristol-Myers Squibb Co. (BMY) stock decreased after announcing its acquisition of RayzeBio
- Stratasys Ltd. (SSYS) stock rose following an increased buyout offer from Nano Dimension
- ZIM Integrated Shipping Services Ltd. (ZIM) stock fell along with other shipping companies
- Gracell Biotechnologies Inc. (GRCL) stock increased as it agreed to be acquired by AztraZeneca
- Schlumberger N.V. (SLB) stock rose along with energy companies and crude oil prices
Stocks that traded heavily or had substantial price changes on Tuesday, December 26, 2023, include Manchester United Plc, Hollysys Automation Technologies Ltd., RayzeBio Inc., Bristol-Myers Squibb Co., Stratasys Ltd., ZIM Integrated Shipping Services Ltd., Gracell Biotechnologies Inc., and Schlumberger N.V.
Manchester United Plc experienced a rise in its stock price after reaching an agreement to sell a minority stake to British billionaire Jim Ratcliffe, who is a lifelong fan of the English soccer club. This strategic move has generated excitement among investors and soccer enthusiasts.
Hollysys Automation Technologies Ltd. also saw a positive change in its stock price following an updated buyout offer from a consortium led by Dazheng Group Acquisition. The company specializes in automation control systems and is poised for growth with this potential acquisition.
RayzeBio Inc. experienced a significant surge in its stock price after agreeing to be acquired by pharmaceutical giant Bristol-Myers Squibb Co. This acquisition deal came shortly after Bristol-Myers Squibb Co. announced its plan to acquire Karuna Therapeutics for $14 billion. These acquisitions reflect the pharmaceutical company’s strategic expansion efforts in the biotech industry.
On the other hand, shares of Bristol-Myers Squibb Co. decreased following its acquisition announcement. The market response to the acquisition may be attributed to investor concerns about the company’s financial position and integration challenges.
Stratasys Ltd., a maker of 3D printers, experienced a rise in its stock price after receiving an increased buyout offer from Nano Dimension. This offer highlights the growing interest in the 3D printing industry and the potential for further advancements in the technology.
ZIM Integrated Shipping Services Ltd. and other shipping companies saw a decline in their stock prices after Maersk’s announcement of vessel resuming sailing through the Red Sea. This news may have raised concerns about increased competition and potential disruptions in the shipping industry.
Gracell Biotechnologies Inc. witnessed a rise in its stock price after agreeing to be acquired by AztraZeneca. This acquisition highlights the growing interest in biopharmaceutical companies and their potential for future growth in the healthcare industry.
Schlumberger N.V. and energy companies experienced a rise in their stock prices alongside increasing prices for crude oil. This positive trend reflects optimism in the energy sector and the potential for strong financial performance.