HLTH Rises On Acquisition News

Posted on Thursday, February 21, 2008 4:26 PM
(RTTNews) - HLTH (HLTH) gapped open higher and continued to shoot up during the first 50 minutes of trading on Thursday amid heavy volume. The stock leveled off later in the morning and moved with a lack of direction through the afternoon. The rise came as the company reported a plan to merge with WebMD subsidiary in a cash and stock deal. The stock smashed through resistance and surpassed its 50-day moving average. Shares closed at their highest level since mid-January, up $1.84 at $11.89. For comments and feedback: contact editorial@rttnews.com
Stocks To Watch Today: SNDK, STI, T, TCK, BIIB, TER, NOC, RMBS, ICE, SNY, GOLD (Click Symbol For Latest News)

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