Benzinga - by Avi Kapoor, Benzinga Staff Writer.
On CNBC’s "Halftime Report Final Trades," Joshua Brown of Ritholtz Wealth Management named Shake Shack Inc (NYSE: SHAK) as his final trade.
Shake Shack CEO Randy Garutti recently informed the board of his intention to retire in 2024 after the selection of a successor.
The New York-based burger chain continues to see fourth-quarter revenue of $276.25 million — $281.75 million versus the consensus of $280.48 million.
Stephen Weiss of Short Hills Capital Partners said Humana Inc. (NYSE: HUM) has 15 times earnings.
Cigna Group (NYSE: CI) reportedly ended its attempt to negotiate an acquisition deal with rival Humana after the pair disagreed on price terms.
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Jenny Harrington of Gilman Hill Asset Management said Pfizer Inc. (NYSE: PFE) has 5.7% dividend yield and 10 times earnings.
New York-based Pfizer agreed to donate the rights of royalties from sales of cancer drug Bavencio (avelumab) to the American Association for Cancer Research to address U.S. Federal Trade Commission concerns related to its $43-billion deal to buy Seagen Inc (NASDAQ: SGEN).
Pfizer expects to close the Seagen acquisition on Thursday, Dec. 14.
Shannon Saccocia of Boston Private picked iShares U.S. Healthcare ETF (NYSE: IYH).
Price Action:
- Shake Shack shares gained 0.9% to close at $67.42 on Tuesday.
- Humana gained 1.1% to $481.94.
- Pfizer gained 0.2% to $28.58.
- iShares U.S. Healthcare ETF added 0.6% during Tuesday’s session.
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