Here’s Why Traders Are Buzzing About These Five Stocks Today

Savvy Investor Establishes a Stake in Allergan

Allergan plc Ordinary Shares (NYSE:AGN)’s stock has inched up today after billionaire activist investor Carl Icahn issued a statement on his website that his fund acquired a big stake in the drug maker due in part to the CEO, Brent Saunders. Several years ago, Icahn played a part in bringing Mr. Saunders on board as the CEO of Forest Labs, where Mr. Saunders successfully unlocked enormous shareholder value by selling the company to Actavis in less than a year. Actavis later merged with Allergan and now Brent Saunders is the head of Allergan plc Ordinary Shares (NYSE:AGN). If Mr. Saunders can work his magic again, many Allergan shareholders will no doubt be very happy. Allergan was somewhat of a consensus pick among the smart money in the first quarter. Of the 766 total funds in Insider Monkey’s database, 170 funds owned $20.11 billion of Allergan plc Ordinary Shares (NYSE:AGN) shares and accounted for 19.00% of the float on March 31.

Williams Companies Might Consider Amended Offer

Williams Companies Inc (NYSE:WMB) is doing all it can to save the merger with Energy Transfer Equity LP (NYSE:ETE). According to Reuters, the company told Energy Transfer that it is open to considering an amended offer that would replace the $6 billion cash part of the merger with shares of an acquisition vehicle instead. Energy Transfer has wanted to get out of the merger due to the havoc that the deal and the low energy prices have wrought on its stock price. Overall, 52 funds tracked by Insider Monkey owned shares Williams Companies Inc (NYSE:WMB) while 31 funds were long Energy Transfer Equity LP (NYSE:ETE) at the end of the first quarter.

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