This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
Nearest Resistance: $60
Nearest Support: N/A
Catalyst: Merger Agreement
One small-cap stock that's getting plenty of attention today is
Robbins & Myers(RBN), a firm that announced a merger agreement with
National-Oilwell Varco(NOV), the latter paying $60 per share in cash for each share of RBN. While that's spiking trading volume in RBN, there isn't a trade to be made here.
Unless you're trying to vie for the 38 cents per share in merger arbitrage opportunity that's currently priced into RBN.
To see these stocks in action, check out the at
Most-Active Stocks portfolio on Stockpickr.
-- Written by Jonas Elmerraji in Baltimore.