Shockwave Medical Says Given The Proposed Acquisition Of Shockwave Medical By Johnson & Johnson, Shockwave Medical Is Withdrawing Its Full Year 2024 Guidance
Portfolio Pulse from Benzinga Newsdesk
Shockwave Medical announced the withdrawal of its full year 2024 financial guidance due to its proposed acquisition by Johnson & Johnson (JNJ). The guidance was initially issued on February 15, 2024.
May 06, 2024 | 8:09 pm
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NEUTRAL IMPACT
Johnson & Johnson's proposed acquisition of Shockwave Medical may lead to short-term stock volatility as markets react to the news.
Acquisitions often lead to short-term volatility in the acquiring company's stock due to the financial implications of the deal, including the cost of acquisition and potential benefits.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEUTRAL IMPACT
Shockwave Medical's withdrawal of its 2024 guidance due to the proposed acquisition by JNJ may impact investor sentiment and stock performance.
The withdrawal of financial guidance can create uncertainty among investors, potentially affecting the stock's short-term performance. However, the acquisition by a larger company like JNJ could also be seen positively in the long term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90