Merck & Co. Inc. (NYSE:MRK)said it would buy Idenix Pharmaceuticals Inc. in a deal valued at about $3.85 billion to complement its hepatitis C portfolio. Merck & Co., Inc. (NYSE:MRK) net profit margin is 14.00% and weekly performance is -0.02%. On last trading day company shares ended up $57.85. Analysts mean target price for the company is $59.22. Merck & Co., Inc. (NYSE:MRK) distance from 50-day simple moving average (SMA50) is 1.94%.
On June 6, Raleigh drug developer BioDelivery Sciences Inc. (NASDAQ:BDSI) International received some of the best news in company history Friday when the FDA approved its new drug application for Bunavail, a treatment for opioid dependence. BioDelivery Sciences International, Inc. (NASDAQ:BDSI) shares advanced 3.41% in last trading session and ended the day on $10.00. Gross Margin is 92.10% and its return on assets is -81.90%. BioDelivery Sciences International, Inc. (NASDAQ:BDSI) quarterly performance is 7.30%.
Analog Devices, Inc. (NASDAQ:ADI), a global leader in high-performance semiconductors for signal processing applications, and Hittite Microwave Corporation (NASDAQ:HITT), an innovative designer and manufacturer of high performance integrated circuits, modules, subsystems and instrumentation for RF, microwave and millimeter wave applications, today announced that the two companies have entered into a definitive agreement whereby ADI will acquire Hittite for $78 per share in cash. The closing price of Hittite’s common stock on June 6, 2014 was $60.56 per share. Hittite Microwave Corp (NASDAQ:HITT) shares moved up 0.28% in last trading session and was closed at $60.56, while trading in range of $60.02- $61.11. Hittite Microwave Corp (NASDAQ:HITT) year to date (YTD) performance is -1.40%.
Five Below Inc (NASDAQ:FIVE)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank in a research report issued to clients and investors on Thursday. They currently have a $49.00 target price on the stock. Deutsche Bank’s target price would indicate a potential upside of 39.44% from the company’s current price. Five Below Inc (NASDAQ:FIVE) ended the last trading day at $35.14. Company weekly volatility is calculated as 4.21% and price to cash ratio as 37.99. Five Below Inc (NASDAQ:FIVE) showed a negative weekly performance of -2.95%.
On June 2, Comverse Inc (NASDAQ:CNSI) a global leader in telecom business enablement, announced that it holds a dominant market share in North America for VoLTE-based (Voice over LTE) services. Several leading communication service providers (CSPs) have made Comverse their sole provider for IP messaging and voicemail services – paving a clear path for richer customer experiences throughout the region. Comverse Inc (NASDAQ:CNSI) net profit margin is 2.90% and weekly performance is 0.85%. On last trading day company shares ended up $24.96. Analysts mean target price for the company is $36.00. Comverse Inc (NASDAQ:CNSI) distance from 50-day simple moving average (SMA50) is -8.67%.