Some investors say the buyout hype is overdone. Just because multiple companies were interested in Idenix, they argue, doesn't mean they will purchase less attractive competitors -- especially after their stocks have run up on acquisition hopes.
@JoeyBagadonuts Going long much on nothing concrete to drive it up besides....rumors ? All rumors usually end up in the same place. DOWN ? TraderX82 (@TraderX82) Jun. 10 at 12:09 PMBut many think an acquisition is in the offing for the two companies. Sentiment is 97% bullish on Inovio and 90% bullish on Achillion, according to StockTwits' analytics. >>Read More: Sozzi: 3 Mysterious Things Now Happening at Chipotle Allstate Continues Profit Ride With Teen-Monitoring Driving App Porsche Electric vs Tesla: And the Verdict Is... Super Mario Gabelli of Gamco Is King of M&A, as Hillshire Deal Shows At the time of publication, the author held no positions in any of the stocks mentioned. This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.
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