Why Thermo Fisher Scientific Stock Tumbled Today
Investors seemed unhappy about some major spending news from the company.Sprawling medical device and solutions company Thermo Fisher Scientific (TMO -1.22%) wasn't looking all that healthy on Tuesday, at least as far as its stock was concerned. The company closed a pair of acquisitions, and the twin moves didn't seem to make some investors happy. As a result, the stock fell by more than 1%, a slightly steeper drop than the S&P 500's (^GSPC -0.69%) 0.7%. A $4 billion dealOf Thermo Fisher's two transactions, ...