Why Eaton Vance Stock Skyrocketed 57% Last Month

Shares of investment advisor Eaton Vance (NYSE: EV) soared last month after the company agreed to be acquired by Morgan Stanley (NYSE: MS). According to data from S&P Global Market Intelligence, the stock finished the month up 57%.

As the chart below shows, those gains came almost entirely on Oct. 8, the day the deal was announced.

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Source Fool.com