GNC (GNC) shares surged Wednesday following reports the health and fitness retailer was in talks to be acquired by Chinese buyers. The Wall Street Journal reports the deal could be worth about $4 billion, including the company's debt. GNC's market cap is about $1.5 billion. 2016 has been a tumultuous year for the retailer after the company unexpectedly changed CEOs amid a sharp fall in revenue. The company's shares fell by 25% immediately following the change and has not been able to recover since.
More from Video
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Breaking down an approach to the long side of this biotech stock.
AMSC CEO discusses that and China challenges.
One of pharma's biggest CEO's talks M&A action on the exchange.