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Current DateTime: 11:30:53 27 Nov 2009
LinksList Documentid: 30328029

CNBC Stock Blog

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Jan.30
1:29 PM ET
Friday, 30 Jan 2009
Takeover Talk Drives Medical Device Maker Shares

Intuitive Surgical, a California company that makes endoscopic instruments, is running higher along with heavy options activity amid takeover rumors.



Jon "DRJ" Najarian
Co-founder, optionMonster.com

Calls are jumping this morning as ISRG stock [ISRG  Loading...      ()   ] is up 2 percent on the day to about $104. Normal full-session call activity is 1,300 contracts, but 2,500 changed hands in the first 45 minutes of trading alone, according to OptionMonster's real-time tracking systems.

M&A rumors have been especially active in the health care sector recently, and Intuitive Surgical is only the latest of many names mentioned of late. The pharmaceuticals industry, in particular, has been leading the way in takeover news, with Pfizer's $68 billion bid for Wyeth this week and other major companies publicly stating their intentions to seek deals.

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Medical Device Makers:

Boston Scientific [BSX  Loading...      ()   ]

St. Jude Medical [STJ  Loading...      ()   ]

Johnson & Johnson [JNJ  Loading...      ()   ]

Medtronic [MDT  Loading...      ()   ]

______________________________

Jon 'DRJ' Najarian is a professional investor, CNBC contributor, and cofounder of OptionMonster.com.

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Current DateTime: 06:14:06 27 Nov 2009
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