What's better than momentum? Mo' momentum.
Let's take a closer look at five of this past week's biggest scorchers.
Company |
Dec. 16 | Weekly Gain | My Watchlist |
---|---|---|---|
ISTA Pharmaceuticals |
$6.68 | 70% | Add |
Synovis Life Technologies |
$27.90 | 49% | Add |
Zoll Medical |
$61.17 | 24% | Add |
SonoSite |
$53.80 | 24% | Add |
Seaspan |
$13.15 | 23% | Add |
Source: Barron's.
ISTA was the market's biggest gain, soaring on news that it had received -- but rejected -- a hostile buyout bid on behalf of Valeant
There's no such drama for Synovis. It accepted a buyout bid from Baxter
Zoll received some welcome news on its LifeVest product. Medicare agreed to continue reimbursing the innovative wearable defibrillator at its current rate.
Fujifilm will be paying $54 a share -- or nearly $1 billion -- for SonoSite. The maker of portable ultrasound machines will give the Japanese film giant welcome exposure in the health-care market.
Seaspan is open for some home cooking. The shipper announced that it would be buying back 10 million shares at $15, a 43% premium to where the stock was trading before the news.
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.
Which of these five stocks do you think will continue to move higher? Share your thoughts in the comments box below.