RDUS stock touches 52-week high at $29.72 amid market rally

Radius Health (NASDAQ:RDUS_OLD) Inc. (RDUS) stock soared to a 52-week high, reaching $29.72 as investors rallied behind the biopharmaceutical company’s promising pipeline and strategic partnerships. With a market capitalization of $835 million and an impressive year-to-date return of 99%, InvestingPro analysis suggests the stock is currently trading above its Fair Value. The surge represents a significant turnaround from previous market performances, with the stock demonstrating resilience and investor confidence despite trading at a high EBITDA multiple of 132x. While RDUS celebrates this milestone, another notable performer in the market is Schnitzer Steel (NASDAQ:RDUS), which has seen an impressive 1-year change, climbing 75.52%. This juxtaposition of RDUS’s peak and Schnitzer Steel’s robust annual growth underscores the dynamic nature of the stock market, where sectors can diverge, and individual stock fortunes can shift rapidly based on company-specific developments and broader economic trends. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report for deeper analysis of RDUS’s valuation and growth prospects.

In other recent news, Radius Recycling, Inc. has announced significant developments regarding its merger with TAI Merger Corporation, a subsidiary of Toyota (NYSE:TM) Tsusho America, Inc. The merger, valued at approximately $1.34 billion, will see Toyota Tsusho acquire all outstanding shares of Radius Recycling for $30.00 per share in cash. This represents a premium of roughly 115% over the company’s closing share price on March 12, 2025. The merger has advanced with the early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, a crucial regulatory milestone. The transaction, initially announced in March 2025, is expected to close in the second half of 2025, pending further regulatory approvals and shareholder consent. Radius Recycling will continue to operate from its Portland headquarters, maintaining its teams and operational strategies. The merger aims to enhance Radius’s financial resources, allowing investments in strategic initiatives such as its metals recycling platform and auto recycling business. Toyota Tsusho has committed to honoring existing employee agreements and compensation programs as part of the transaction.

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