Warren Buffett takes a shine to Apple
These are the stocks trending on Yahoo Finance based on user ticker searches:
Anacor (ANAC)
Shares of Anacaor are soaring today after Pfizer (PFE) announced it was planning to acquire the pharmaceutical company. Pfizer intends to pay $99.26 per share That’s a 55% premium over Friday’s close. Anacor’s only product right now is a toenail fungus ointment. But Pfizer is keen on an eczema treatment that Anacor has before the Food and Drug Administration.
Get the Latest Market Data and News with the Yahoo Finance App
Apple (AAPL)
Warren Buffett is taking a shine to Apple. In a recent filing, it was revealed that Berkshire Hathaway (BRK-A) paid over $1 billion to buy 9.8 million shares of the tech giant. Despite a position in IBM (IBM), Buffett used to shy away from technology companies. Now he is investing in Apple and is also part of a consortium bidding on Yahoo (YHOO), parent company of Yahoo Finance.
GLOBALSTAR (GSAT)
Globalstar is getting a huge boost today. The company is expecting action from the FCC soon on its Terrestrial Low-Power Service or TLPS. The company claims that that TLPS could increase the reach and power of public WiFi systems but Microsoft (MSFT) and others are critical of the service.