Diamonds and Dogs

9/19/22

Shares of Purple Innovation (PRPL) rocketed 45% on takeover offer. The mattress and bedding seller confirmed that it received an "unsolicited" buyout bid from hedge fund manager Coliseum Capital Management LLC. The company said Coliseum Capital was bidding $4.35 a share for the company, which represents a 55.9% premium to Friday's closing price.

Moderna (MRNA) down 8% while Novavax (NVAX) is down 7% as President Joe Biden said he believes the Covid-19 pandemic is "over" in an appearance on CBS' "60 Minutes," but acknowledged the US still has a "problem" with the virus that has killed more than 1 million America.  Last week, the number of weekly reported deaths from Covid-19 was the lowest since March 2020,

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