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Why DexCom Stock Is Jumping Today

TheMotleyFool

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Shares of DexCom (NASDAQ: DXCM) were jumping 4.5% as of 10:49 a.m. ET on Tuesday after rising as much as 12.4% earlier in the day. The gain came after the company issued a public statement about reports that it's in discussions about a potential merger with Insulet (NASDAQ: PODD).

DexCom stated that its policy is usually "not to comment on rumors or speculation." But in this case, the company confirmed that it "is not in active discussions regarding a merger transaction at this time."

Investors appeared to breathe a sigh of relief that DexCom isn't considering merging with Insulet. The primary concern with a potential transaction would have been the timing.

Source Fool.com

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