Workflow
Avidity Biosciences (RNA) Moves 42.4% Higher: Will This Strength Last?

Avidity Biosciences, Inc. (RNA) shares ended the last trading session 42.4% higher at 70.Thejumpcameonanimpressivevolumewithahigherthanaveragenumberofshareschanginghandsinthesession.Thiscomparestothestocks14.470. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 14.4% gain over the past four weeks.The stock rallied after Avidity announced that Novartis has agreed to acquire Avidity in a deal valued at up to 72.00 per share in cash, representing a total equity value of approximately $12 billion. The transaction is expected to be closed ...