Why Forte Biosciences Shares Are Trading Higher By 39%; Here Are 20 Stocks Moving Premarket
Forte Biosciences shares rose 38.9% to $76.10 in pre-market trading after argenx SE announced plans to acquire the company for $77 per share.
Forte Biosciences stock jumped up because a bigger company called argenx agreed to buy it for $77 per share. When one company buys another, the smaller company's stock usually goes up because shareholders are getting paid a set price.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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