- Morphic Holding, Inc. (MORF) shares surged 75.1% on news that Eli Lilly and Company (LLY) will acquire the biopharmaceutical company in a $3.2 billion deal.
- IDEAYA Biosciences, Inc. (IDYA) shares gained 15.3% after the precision medicine oncology company announced positive results from the phase 2 trial of its cancer treatment.
- Etsy, Inc. (ETSY) shares fell 5.3% after the company announced restrictions on the sale of certain products.
- Shares of Intel Corporation (INTC) jumped 6.2%, following positive remarks from Melius Research, highlighting the company's potential to improve its competitive position within the technology sector.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>Intel Corporation (INTC) : Free Stock Analysis Report
Etsy, Inc. (ETSY) : Free Stock Analysis Report
IDEAYA Biosciences, Inc. (IDYA) : Free Stock Analysis Report
Morphic Holding, Inc. (MORF) : Free Stock Analysis Report
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