Stocks In News by EpicStockPicks: KR, SandRidge Energy Inc., THC
US Stock Updates
The stock is up more than 1% year-to-date. At current market price, the market capitalization of the company stands at $13 billion.
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SandRidge Energy Inc. (NYSE:SD) surged 4.93% to $6.38. The company announced that it has sold its Bone Spring asset package for $110 million, approximately $2,750 per acre. At closing, SandRidge received cash proceeds of $88 million. An additional $22 million was placed in escrow to be released to SandRidge in the first quarter of 2011, subject to satisfaction of customary post-closing conditions.
The stock opened at $6.12 and is trading within the range of $6.09-$6.40. Over the past five trading sessions, the stock jumped more than 13%.
Tenet Healthcare Corporation (NYSE:THC) soared 54.90% to $6.64. Community Health Systems, Inc. announced that it has made an offer to acquire Tenet Healthcare Corporation for $6.00 per share, including $5.00 per share in cash and $1.00 per share in Community Health Systems, Inc. common stock, which represents a premium of 40% over Tenet Healthcare Corporation’s closing stock price on December 9, 2010.
The stock has average daily volume of 7.34 million shares. In the past one year of trading sessions, the stock jumped more than 36%.
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