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.
Shares of RayzeBio, Inc. (NASDAQ: RYZB) rose sharply during Tuesday’s session after the company announced that it will be acquired by Bristol Myers Squibb for $62.50 per share in cash in a deal worth $4.1 billion.
RayzeBio shares gained 100% to $61.38 on Tuesday.
U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 50 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.09% to 37,418.31 while the NASDAQ rose 0.36% to 15,047.54. The S&P 500 also rose, gaining, 0.22% to 4,765.23.