In the midst of a strong day for the market overall, a number of local companies have seen generous up-ticks in their stock prices today.
Community Health has climbed by 8.29 percent on heavy volume to $33.32 as of 12:19 p.m. The market has apparently been pleased by the company’s decision to offload nine hospitals in order to pay down some of the debt incurred in this year’s Triad purchase. TheStreet.com analyzes the rise more fully here.
Genesco regained some of the ground it lost yesterday and over the last few weeks, rising some 10.18 percent as of 12:45 p.m. As NashvillePost.com reported yesterday, the stock dipped well below $30 as tensions continue to run high concerning the company’s impending merger.
Pinnacle Financial partners climbed by more than 5 percent following news that the company’s $196 million merger with fellow local bank Mid-America Bancshares was approved by both sides’ shareholders.
Franklin-based biotech firm BioMimetic also saw shares rise 74 cents or 6.73 percent, though the reason for the sharp rise was not immediately clear.
Overall the market was having a bang up day with the Dow Jones topping 13,000 again, up more than 2.3 percent on the day.
- ALEX B FRUIN INHERITANCE TRUST; CANDACE F STEFANSIC INHERITANCE TRUST; CANDANCE F STEFANSIC INHERITANCE TRUST; FRUIN, ALEX B TRUSTEE; FRUIN ALEX B INHERITANCE TRUST; STEFANSIC, CANDACE F TRUSTEE; STEFANSIC CANDACE F INHERITANCE TRUST; STEFANSIC CANDANCE F INHERITANCE TRUST
- ROSS, BRIDGETT D
- COOKE, ETHEN LANYARD TRUSTEE; COOKE, ETHEN LEWIS ESTATE
- JACOBS, JESSICA ALEXANDRA; JACOBS, ERIKA BESS