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Why Amgen Stock Was Sickly Today

TheMotleyFool 
0 0 04.05.23
Why Amgen Stock Was Sickly TodayPhoto, wide shot, wide-angle lens, soft focus, Biotech company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-pKgbwxVSbyTCu0UzPNe8NL8D.png?st=2023-05-04T16%3A02%3A58Z&se=2023-05-04T18%3A02%3A58Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-04T12%3A13%3A51Z&ske=2023-05-05T12%3A13%3A51Z&sks=b&skv=2021-08-06&sig=%2BhYssNp3W0HiZMxCV64XVELyP8stYUjFhgUVfPrTLyg%3D
 

Investors are often encouraged when one of their companies bulks up by acquiring a peer. But that sentiment can turn sour if the takeover target stumbles.

This was the impetus behind 's (NASDAQ: AMGN) nearly 3% decline on the stock market Wednesday. After divulging its latest quarterly results, the peer it plans to walk to the altar with wasn't looking very pretty.

That potential Amgen asset is pharmaceutical company Horizon Therapeutics (NASDAQ: HZNP), which published its first-quarter figures before market open.

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Source Fool.com

Amgen Inc. Stock

€355.40
1.250%
There is an upward development for Amgen Inc. compared to yesterday, with an increase of €4.40 (1.250%).
With 41 Buy predictions and 4 Sell predictions Amgen Inc. is one of the favorites of our community.
However, we have a potential of -5.46% for Amgen Inc. as the target price of 336 € is below the current price of 355.4 €.
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