HLTH Closed At Highest Level Since Mid-January Thursday

Posted on Friday, February 22, 2008 8:11 AM

(RTTNews) - HLTH (HLTH) posted substantial gains on Thursday on the news that the company plans to merge with a WebMD subsidiary in a cash and stock deal. Shares gapped open higher and continued to shoot up during the first 50 minutes of trading amid heavy volume. The stock leveled off later in the morning and moved with a lack of direction through the afternoon. 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

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