Waters Shares Pull Back Slightly After Friday Surge | GenomeWeb

NEW YORK (GenomeWeb News) – Waters shares today pulled back from a 30-day high reached on Friday amid rumors that the firm is a takeover candidate.

Shares of the maker of mass spectrometry and chromatography instruments and consumables were down nearly 3 percent at $36.36 in late afternoon Monday trade, following a 10 percent surge in its stock price on Friday. In comparison, the Dow Jones Industrial Average was down 4 percent around the same time this afternoon.

Waters closed up Friday at $37.31 after hitting a month-long high of $38.78 during the day.

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