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Stock impact report

Why Protagonist Therapeutics Stock Skyrocketed by Almost 30% Today [Yahoo! Finance]

Protagonist Therapeutics, Inc. (PTGX) 
Last protagonist therapeutics, inc. earnings: 3/10 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.protagonist-inc.com
Company Research Source: Yahoo! Finance
According to a media report, discussions on a deal are at an early stage. 10 stocks we like better than Protagonist Therapeutics › Clinical-stage biotech Protagonist Therapeutics (NASDAQ: PTGX) was all the rage on the stock market Friday. The company's share price closed a dizzying 29.8% higher on the day, thanks to intense takeover speculation. That leap was particularly notable considering it was quite a downbeat day for stocks overall, with the S&P 500 (SNPINDEX: ^GSPC) sliding by almost 3%. Sale in the works? That speculation was fired that morning by The Wall Street Journal , which reported healthcare giant Johnson & Johnson was in discussions to acquire Protagonist. Although it gleaned this from unidentified "people familiar with the matter," the financial newspaper had few details to report about the apparent negotiations. Image source: Getty Images. Protagonist is well known to Johnson & Johnson, as the two companies collaborate on the development of a drug that c Show less Read more
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