Why AMAG Pharmaceuticals Stock Is Skyrocketing Today

Why AMAG Pharmaceuticals Stock Is Skyrocketing Today

Shares of AMAG Pharmaceuticals (NASDAQ: AMAG) were skyrocketing 44.6% higher as of 11:10 a.m. EDT on Thursday. The huge jump began Thursday morning after Bloomberg reported that Covis Pharma, a drugmaker backed by Apollo Global Management (NYSE: APO), is in talks to acquire AMAG.