Shares of Reneo Pharmaceuticals, Inc. (NASDAQ: RPHM) shares rose sharply during Wednesday’s session after Concentra sent an acquisition proposal to acquire 100% of equity of the company for $1.80 per share.
Reneo Pharmaceuticals shares climbed 13.6% to $1.59 on Wednesday.
Shares of Ascent Industries Co. (NASDAQ: ACNT) rose sharply in pre-market trading as the company reported the sale of the business of Specialty Pipe & Tube for around $55 million in an all-cash deal.
Ascent Industries shares surged 7.4% to $8.69 in pre-market trading.
Concentra Biosciences, LLC4747 Executive Drive, Suite 210 | San Diego, CA 92121December 26, 2023Board of DirectorsReneo Pharmaceuticals, Inc.c/o Gregory J. Flesher, President and Chief Executive Officer18575
Within the last quarter, Reneo Pharmaceuticals (NASDAQ:RPHM) has observed the following analyst ratings: Bullish Somewhat Bullish Indifferent Somewhat…
U.S. stocks traded higher midway through trading, following the release of economic reports on Thursday.
The Dow traded up 0.44% to 37,254.25 while the NASDAQ rose 0.42% to 14,795.52. The S&P 500 also rose, gaining, 0.54% to 4,732.70.