I just bought this stock yesterday on the advice of another who was watching CNBC (don't laugh, I am up 7% in a day). Why is this stock sky-rocketing? Is there a target price. My friend told me $100. I would appreciate any advice.
the faber report mentioned on cnbc that the federal judge trying the ftc suit against the merger of mckesson and amerisource stated that the merger could go through. mckesson's original offer was $120 a share, which is assumed to be good still. i made a nice bump on the news, however, i can't imagine that this merger would not violate sherman antitrust laws. just an opinion. if you hold, good luck it will be worth alot.