EdgeWater 12/11/2010 1:06:13 PM
News / Business

Drug Stocks Jumps Today (Pfizer Inc., Community Health Systems, Medtronic)

Drug Stocks Jumps Today

Pfizer Inc. (NYSE:PFE) added 1.38% to $16.99. Pfizer Inc. is a research-based, global biopharmaceutical company. The Company applies science and its global resources to improve health and well-being at every stage of life. Pfizer’s diversified global health care portfolio includes human and animal biologic and small molecule medicines and vaccines, as well as nutritional products and many consumer health care products.   

The stock has average daily volume of 42.01 million shares. At current market price, the market capitalization of the company stands at $136.09 billion.

Community Health Systems (NYSE:CYH) soared 14.98% to $36.38. The company 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 opened at $30.10 and is trading within the range of $29.91-$37.89. The stock added more than 2% year-to-date.

Medtronic, Inc. (NYSE:MDT) jumped 1.28% to $35.66. The 52-week range of the stock is $30.80-$46.66. The stock is down more than 18% year-to-date.  

The stock has average daily volume of 6.40 million shares.

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