Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Raptor Pharmaceutical, Colgate-Palmolive Company & Others: Here’s Why These Stocks Are Trending Today

Although speculation continues over when the Federal Reserve will hike interest rates, investors seem to have brushed aside concerns over a rate hike for the immediate future. All three major indexes are trading higher today amid some news in the M&A space. One of the mergers announced today is between Horizon Pharma PLC (NASDAQ:HZNP) and Raptor Pharmaceutical Corp. (NASDAQ:RPTP). 

In this article, we are going to take a closer look at the deal between Horizon Pharma and Raptor Pharmaceuticals as well as three other stocks that are in the spotlight today on the back of other developments. In addition, we will assess the hedge fund sentiment towards each stock.

We believe that imitating hedge funds and other large institutional investors can be helpful in identifying stocks capable of outperforming the broader market. Through extensive research that covered portfolios of several hundred large investors between 1999 and 2012, we determined that following the small-cap stocks that large money managers are collectively bullish on, can generate monthly returns nearly 1.0 percentage points above the market (see more details here).

stock, market, business, app, shares, share, news, global, man, phone, big, graph, chart, using, screen, fast, motion, concept, internet, up, tablet, touching, technology,


As stated earlier, Horizon Pharma will acquire Raptor Pharmaceutical in a transaction valued at $9 per share or around $800 million in total. Raptor Pharmaceutical shareholders are getting a premium of 21% over the stock’s Friday’s closing price of $7.45. The companies are expected to close the deal by the fourth quarter of this year. The acquisition will help Horizon Pharma to focus on rare diseases and will also facilitate its foray into international markets including Europe. A total of 27 of investors tracked by us hold about $648 million worth of Horizon Pharma shares in aggregate as of the end of June, down from 35 funds and $887 million, respectively, a quarter earlier. At the same time, 15 funds reported stakes in Raptor Pharmaceutical with a total value of $95 million as of the end of June.

Follow Horizon Therapeutics Public Ltd Co (NASDAQ:HZNP)
Trade (NASDAQ:HZNP) Now!

Follow Raptor Pharmaceutical Corp (NASDAQ:RPTP)
Trade (NASDAQ:RPTP) Now!

Amarin Corporation PLC (NASDAQ:AMRN)’s stock has lost around 6% so far today after the company reported that, pursuant to the review of its first pre-specified interim efficacy analysis for the REDUCE-IT cardiovascular outcomes study, the independent data monitoring company has recommended the continuation of the trial without any modification. The study analyzes the efficacy of Vascepa in reducing “cardiovascular events in patients who despite stabilized statin therapy have elevated triglyceride levels and other cardiovascular risk factors.” Among the hedge funds we track, 12 investors reported ownership of $32 million worth of Amarin shares, up from 10 funds a quarter earlier.

Follow Amarin Corp Plc (NASDAQ:AMRN)
Trade (NASDAQ:AMRN) Now!

On the next page, we are going to discuss the latest events that put Manchester United PLC (NYSE:MANU) and Colgate-Palmolive Company (NYSE:CLon investors’ radars today.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.