Silicon Lab Climbs on Deal; Lilly Sees Surging Sales; Chipotle Falls
Today's biggest winners and losers in the stock market.On this episode of Stock Movers:-Silicon Laboratories (SLAB) shares jump as much as 54% to $210.90 in premarket trading after Texas Instruments agreed to acquire the chip designer for $231 per share in cash, in a deal that represents a total enterprise value of approximately $7.5 billion. TXN shares slip 3.4% before the opening bell.- Eli Lilly (LLY) provided an upbeat sales forecast for the year Wednesday as strong demand for its weight loss drug cemented its position at the top of the obesity market.The guidance was a sharp contrast to…
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