Prothena shares are trading higher following reports suggesting the company is talking to advisors, potentially preparing for a sale.
Portfolio Pulse from Benzinga Newsdesk
Prothena Corporation is reportedly in talks with advisors, potentially preparing for a sale. This news has led to an increase in the company's share price.
October 16, 2023 | 3:32 pm
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Prothena Corporation's shares are trading higher following reports of the company potentially preparing for a sale.
The news of a potential sale usually leads to an increase in the company's share price as investors anticipate a premium to be paid for the company. This is reflected in the rise of Prothena Corporation's shares.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100