RayzeBio, Hollysys Automation, Manchester United rise; ZIM Integrated falls on 12/26/2023!

The article discusses several stocks that had significant price changes or heavy trading on Tuesday, December 26, 2023. The key points from the article include:

  • Manchester United Plc (MANU) saw its stock rise by 68 cents to $20.52. The English soccer club agreed to sell a minority stake to British billionaire and fan Jim Ratcliffe.
  • Hollysys Automation Technologies Ltd. (HOLI) saw its stock rise by $1.33 to $26.85. The automation control systems maker received an updated buyout offer from a consortium led by Dazheng Group Acquisition.
  • RayzeBio Inc. (RYZB) saw its stock rise by $30.83 to $61.40. The biotech company agreed to be acquired by pharmaceutical giant Bristol-Myers Squibb Co.
  • Bristol-Myers Squibb Co. (BMY) saw its stock fall by 84 cents to $51.45. The company’s deal to acquire RayzeBio came shortly after announcing its plans to buy Karuna Therapeutics for $14 billion.
  • Stratasys Ltd. (SSYS) saw its stock rise by $1.71 to $14.82. The 3D printer manufacturer received an increased buyout offer from Nano Dimension.
  • ZIM Integrated Shipping Services Ltd. (ZIM) saw its stock fall by $1.33 to $10.25. Shipping companies experienced broad declines after Maersk’s announcement of resuming sailing through the Red Sea.
  • Gracell Biotechnologies Inc. (GRCL) saw its stock rise by $3.73 to $9.92. The Shanghai-based biopharmaceutical company agreed to be acquired by AstraZeneca.
  • Schlumberger N.V. (SLB) saw its stock rise by 60 cents to $53.68. Energy companies, including Schlumberger, experienced gains along with crude oil prices.

Overall, the article highlights the significant price changes and corporate actions taking place in these stocks, particularly in the biotech, automation, and shipping sectors. The rise of Manchester United’s stock due to the deal with billionaire Jim Ratcliffe, as well as the acquisitions of RayzeBio and Karuna Therapeutics by Bristol-Myers Squibb Co., suggest significant developments in the pharmaceutical industry. Moreover, the increased buyout offers received by Hollysys Automation Technologies Ltd. and Stratasys Ltd. indicate potential industry consolidation. The decline in ZIM Integrated Shipping Services Ltd. stock after Maersk’s announcement reflects the broader impact on shipping companies. Lastly, the rise in energy companies’ stocks, such as Schlumberger N.V., aligns with increasing crude oil prices.