Illumina Shares Jumped: What You Need to Know

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Illumina (Nasdaq: ILMN  ) , whose technology is used for analyzing genomes, rose 10% in early trading on higher than average volume after an eventful week that included a partnership with the health-care diagnostics division of Siemens AG (NYSE: SI  ) .

So what: Could the partnership turn into a takeover bid? No one's reporting that, but Siemens is making a bid to boost its health-care business. Earlier today, the company announced a deal to acquire MobileMD, which provides health information via the cloud.

Now what: Illumina is also participating in the creation the New York Genome Center for genetic research, and in the process expanding efforts to get its gene sequencing equipment in front of more researchers. Will these efforts pay off? Do you believe Illumina is a takeover target? Please weigh in using the comments box below.

Interested in more information about Illumina? Add it to your watchlist.

Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.

Motley Fool newsletter services have recommended buying shares of Illumina. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 1584545, ~/Articles/ArticleHandler.aspx, 4/16/2014 12:29:17 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement