Here’s what’s hot in the market today: Acquisitions news sends MediaMind Technologies and Southern Union Company surging. Winnebago dropped, while NeurogesX climbed.
Winnebago (NYSE: WGO) fell more than 21% to below $9 as more than 1 million shares of the RV and mobile home manufacturer traded. WGO took a hit after reporting its numbers for the quarter ended May 28. Revenue was flat at around $136 million.
Five Star Quality Care (NYSE: FVE), operator of senior-citizen assisted and independent living communities, saw a nearly 21-times rise in trading volume while the stock was virtually unch near $5.10. Company offered 10 million shares in secondary stock offering at $5 per share. FVE says it will use proceeds to pay off a bridge loan and for possible acquisitions.
Southern Union Company (NYSE: SUG) was up more than 17% on more than 11 million shares to a little over $33. Energy Transfer Equity (NYSE: ETE) announced that it would acquire natural gas firm Southern Union for almost $8 billion.
MediaMind Technologies (NASDAQ: MDMD) was up nearly 38% to $21.98 after DG FastChannel (NASDAQ: DGIT) announced that it would acquire MediaMind for $22 per share in an all-cash deal. Meanwhile DGIT falls more than 4% to about $27.70.
NeurogesX (NASDAQ: NGSX), a pain-management pharmaceutical firm, was up more than 12% to $2.85 after announcing it had begun the second phase of clinical trials on NGX-1998, a high-concentration cream for treating nerve pain.
As of this writing, Anthony John Agnello did not own a position in any of the stocks named here. Follow him on Twitter at @ajohnagnello and become a fan of InvestorPlace on Facebook.
