Mylan jumps on Teva bid; HOG Slaughtered on Wall Street

Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.

Mylan

Shares of Mylan (MYL) jumped better 9% after an unsolicited takeover bid from Teva Pharmaceutical. The rival is offering to buy the generic drug maker for $40 billion in cash and stock. That's $82 a share and more than 20% above Mylan's Monday closing price. Just this year, Mylan acquired Abbott Laboratories's (ABT) non U-S operators. Mylan says it's not interested in making a deal.

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Harley Davidson

Also Tuesday investors slaughtered the Wall Street HOG. Shares of Harley Davidson – ticker symbol (HOG) tumbled over 9% despite higher profits. The issue was its sales forecast, which the company lowered due to aggressive discounts offered by rivals. Harley-Davidson said it now expects motorcycle shipments to grow approximately 2% to 4% in 2015, down from its previous forecast of 4% to 6%.

Fortinet

Finally, the quest for the next growth stock has led investors to Fortinet (FTNT). Shares of the cyber security company surged over 9% on Tuesday after the company beat estimates citing 8,000 new customers during the quarter as a source of the strength. During the conference call its CEO said Fortinent had achieved its highest year-over-year ‘building growth’-- since becoming a public company five and half years ago.

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