What's better than momentum? Mo' momentum.
Let's take a closer look at five of this past week's biggest scorchers.
|Dec. 23||Weekly Gain||My Watchlist|
|Winn-Dixie Stores (Nasdaq: WINN )||$9.37||73%||Add|
|Sunrise Senior Living (NYSE: SRZ )||$6.06||29%||Add|
|VirnetX Holding (AMEX: VHC )||$27.35||29%||Add|
|SandRidge Energy (NYSE: SD )||$8.57||27%||Add|
|USG (NYSE: USG )||$10.31||21%||Add|
Winn-Dixie hit the checkout line with a big fat smile. The Southeastern grocery store operator is being acquired by rival Bi-Lo in an all-cash deal. The $9.50-per-share buyout price is a healthy 75% premium to Winn-Dixie's close before the announcement was made public.
Sunrise Senior Living rose after a bullish SeekingAlpha.com article played up the retirement home operator's buyout prospects given its improving balance sheet. A story later in the week indicated that a hedge fund manager with a sizable stake in Sunrise was increasing its position.
VirnetX jumped after speculation began to build that Apple (Nasdaq: AAPL ) was being denied a request to reexamine a patent held by the mobile security researcher. VirnetX went on to confirm that a patent reexamination request -- by Cisco (Nasdaq: CSCO ) -- was denied by the patent office.
SandRidge Energy gained ground by losing ground. The company sold some of its acreage for a tidier sum than analysts were expecting.
Finally, there's USG. The gypsum materials specialist posted strong gains after a Commerce Report showed the strongest new housing starts data in two years. The news bodes well for USG's drywall business.
It was a great week for these five stocks. If you want to get an early read on some of tomorrow's major gainers, there's a special report on three hidden winners in a booming industry. The report is free -- like this article -- but it won't be around forever, so check it out now.