ON Semiconductor (ON) cratered on June 26 after the company signed a definitive agreement to buy San Jose-headquartered edge-AI and connectivity specialist Synaptics (SYNA).
The announcement of this all-stock transaction shaved billions off ON's market cap and pushed it decisively below its 20-day and 50-day moving averages (MAs), indicating shifting momentum in favor of the bears.
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The announcement of this all-stock transaction shaved billions off ON's market cap and pushed it decisively below its 20-day and 50-day moving averages (MAs), indicating shifting momentum in favor of the bears.
Mark Cuban Says There Are Some 'Greedy Blood-Sucking Business People That Will Do Anything for a Dollar' But 'Eat the Rich' Only Helps Politicians
Peter Thiel Took $1,700 and a Standard Roth IRA Account and Turned It Into $5 Billion. You Can Do It Too.
Stocks Settle Mixed on Apple Weakness and Chipmaker Strength
5 months ago
