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NASDAQ:NUVA 9 June 2026

Nuvalent Trades Close to $124 After GSK’s $10.6 Billion Offer

Nuvalent Trades Close to $124 After GSK’s $10.6 Billion Offer

Nuvalent surged Tuesday after GSK said it would buy the Nasdaq-listed biotech for $10.6 billion, or $124 a share in cash. The stock shot up 38.9% to $122.93, almost reaching the offer price and trading like the day’s standard merger-arb play. That wasn’t a full biotech sector rally. The SPDR S&P Biotech ETF climbed 2.1%, while the iShares Nasdaq Biotechnology ETF put on 1.4%. Nuvalent’s pop looked like a move on its own news, not a general sector rebound.
9 June 2026
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Stock Market Today

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