CNBC's Jim Cramer advises investors not to be 'too negative' the next time the market sells off, given the string of corporate acquisitions announced on Monday.
, paying $88 per share in cash, for biotech company Immunomedics to expand its cancer treatments. Immunomedics shares nearly doubled during the session to close at $83.65. The stock closed Friday at $42.25.for mobile phone chip manufacturer Arm Holdings. Despite what Cramer believed to be a high purchase price, Nvidia shares rallied almost 6% to $514.89 on the news.highly watched bid for TikTok's U.S.
with ByteDance in China. The deal will make Oracle an American technology partner and give the company a big interest in the video platform. "What matters here is that the market has spoken. Big-time hedge-fund managers may come on our air and say that stocks are too high, maybe even dangerous, that we're in a bubble," Cramer said. "But big companies tend to know their own industries, and they seem to think many stocks are undervalued or reasonably valued."
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