Why Hill-Rom Stock Jumped 13% This Week
Shares of hospital bed maker Hill-Rom Holdings (NYSE: HRC) have strong momentum heading into the weekend -- and heading into earnings. On Wednesday, shares of Hill-Rom surged past $132 -- a gain of more than 7% -- on reports that the company had rejected an offer from Baxter International (NYSE: BAX) to buy the company for $144 a share.
On Thursday, the shares continued to climb in anticipation of earnings day tomorrow. By close of trading Thursday, Hill-Rom stock was up 12.9% from last Friday's close.
Source Fool.com