Life Technologies (UNKNOWN:UNKNOWN), a giant in the gene sequencing space, had a healthy start to 2013. This stock popped in January on speculation that the company was exploring the possibility of a buyout. Today, however, shares of Life Technologies ended the day down a massive 8.25%.
What event caused today's drop? Does it have something to do with the company's potential suitor, Thermo Fisher (NYSE:TMO). Health-care analyst Max Macaluso dives into the news in the following video.
Max Macaluso, Ph.D. has no position in any stocks mentioned. The Motley Fool recommends Illumina and Thermo Fisher Scientific. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.