Why Change Healthcare Stock Is Skyrocketing Today

Shares of Change Healthcare (NASDAQ: CHNG) had skyrocketed by 30.7% as of 12:41 p.m. EST on Wednesday. The big jump came after UnitedHealth Group (NYSE: UNH) announced plans to acquire the company in a deal valued at close to $8 billion.

The acquisition appears to be great news for Change Healthcare shareholders. The healthcare stock rose nearly 14% in 2020 -- not bad, but still less than the S&P 500's 16% gain. 

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Source Fool.com