An Irish pharmaceutical company agreed to acquire Cadence Pharmaceuticals, Inc. (NASDAQ:CADX) in San Diego for about $1.3 billion in an effort to boost its specialty drugs portfolio. Dublin-based Mallinckrodt agreed to pay $14 a share for the company, a 26% premium over Cadence’s closing price Monday of $11.07. The boards of both companies have approved the deal. Cadence Pharmaceuticals, Inc. (NASDAQ:CADX) stock opened at $13.98 in last trading session, and closed at $14.00, trading in the range of $13.96 – $14.03. The stock showed a positive weekly performance of 30.60%.
TheStreet Ratings team rates Ocean Power Technologies Inc (NASDAQ:OPTT) as a Sell with a ratings score of D. Ocean Power Technologies Inc (NASDAQ:OPTT) stock advanced 53.58% and finished the last session at $3.53. The EPS of the stock remained -1.22. Company’s market capitalization is $42.95 billion.
Needham & Company upgraded TriQuint Semiconductor (NASDAQ: TQNT) from Hold to Buy with a price target of $10.00. TriQuint Semiconductor (NASDAQ:TQNT) stock opened at $8.45 in last trading session, and closed at $9.39, trading in the range of $8.39 – $9.44. The stock showed a positive weekly performance of 13.13%.
Green Mountain Coffee Roasters (NASDAQ:GMCR)‘s stock had its “outperform” rating reiterated by Zacks in a research report issued to clients and investors on Friday, AnalystRatingsNetwork reports. They currently have a $123.00 price target on the stock. Zacks‘ price target suggests a potential upside of 10.89% from the stock’s previous close. Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) shares closed at $119.40 on last trade day, by gaining 7.65%. Stock 52 week range is $42.25 – $120.24. Company’s market capitalization is $17.78 billion.