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Strength Seen in Catalent (CTLT): Can Its 9.7% Jump Turn into More Strength?
CTLTCatalent(CTLT) Zacks Investment Research·2024-02-06 12:21

Catalent (CTLT) shares rallied 9.7% in the last trading session to close at 59.82.Thismovecanbeattributabletonotablevolumewithahighernumberofsharesbeingtradedthaninatypicalsession.Thiscomparestothestock′s19.259.82. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 19.2% gain over the past four weeks.The sharp upsurge in Catalent's shares can be attributed to the announcement of a deal where the company will be acquired by Novo Holdings for 63.50 per share in cash. The deal puts an enterprise value of $16.5 billion on Catalent.This maker o ...