Takeover chatter is good until it's bad.
The Wall Street Journal reported that Stryker made a takeover approach, sending Stryker down more than 3% and Boston Scientific up more than 6% in a matter of minutes. Stryker was already nearing its daily average trading volume of 1.3 million shares.
Boston Scientific shares were up 9.5% to $35 a share shortly after trading resumed after 10:40 a.m. ET.