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Why Depomed (DEPO) Stock Is Surging Today

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Depomed Inc (NASDAQ: DEPO ) stock is on a tear to start off the week amid rumors of an acquisition.

With the company announcing that a larger company taking over Depomed is possible, an analyst estimates that the chances of a takeover have increased from 20% to 50%.

The pharmaceutical company also reported earnings for its most recent quarter, coming in at 12 cents a share. The consensus estimate called for 17 cents a share.

Depomed's full-year guidancce has been slightly altered, moving from in the range of $485 million to $525 million, to the range of $490 million to $520 million.

DEPO stock is up 14.7% Monday.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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