SBIO Rallies on M&A Announcements
August 10, 2022 at 13:58 PM EDT
The ALPS Medical Breakthroughs ETF (SBIO) rallied 14.53% last week, propelled by positive earnings and two significant M&A announcements in the portfolio. SBIO’s small-to-mid cap holdings have been beaten down year-to-date but, as history suggests, depressed valuations in the space ignited a wave of M&A last week, leading SBIO to outperform its competitors and broader [...] The post SBIO Rallies on M&A Announcements appeared first on ETF Trends .
