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.

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Source Fool.com