Why InvenSense, Inc. Stock Skyrocketed 67.4% in December

First, InvenSense stock rose almost 30% in a single day on Dec. 9, 2016, as Reuters reported that TDK had offered $12 per share to purchase the smaller company. That offer would have reflected a 45% premium to InvenSense’s opening price that day, but still only 3% above its 52-week high set around the same time a year earlier.

InvenSense’s Stock Soars To Lead NYSE Gainers After TDK Merger Deal

InvenSense Inc.’s stock soared 17% toward a 16-month high in morning trade Wednesday, enough to be the top gainer on the NYSE, after the sensor platform maker agreed to be acquired by Japan’s TDK Corp. in a deal valued at $1.3 billion. Under terms of the deal, TDK will pay $13 for each InvenSense share, a 20% premium to Tuesday’s closing price of $10.84.