Aon (NYSE: AON)
Aon was off to a relatively rough start in today's trading session. In the beginning of the day, the stock quickly found its way to the red. Throughout the day, it remained in the red as trading was relatively flat. However, things changed quickly minutes ago as the stock started to spike upward. Below, we'll talk about what we're seeing from the stock, why, and what we can expect to see from AON ahead.
What We're Seeing From AON
As mentioned above, Aon wasn't having a very strong day in the market today. The stock quickly ran to the red early on, and throughout the day, flat movement has kept it at a loss. Nonetheless, minutes ago, things changed in a big way as the stock started to find its way to the top. At the moment (12:37), AON is trading at $114.47 per share after a gain of $1.26 per share (1.11%) thus far today.
Why The Stock Is Gaining
As always, when we saw that AON was gaining, the CNA Finance team started digging to see exactly what was going on. It didn't take long to dig up the news. The gains seem to be happening as the result of an unconfirmed rumor circling the social space.
If you search the stock on just about any social network at the moment, you'll notice an interesting rumor. The rumor is that the company is considering the sale of its Benefits Outsourcing Unit. The rumor even goes as far as to put a possible valuation of the Unit at around $5 billion.
What We'll Be Watching Ahead
Moving forward, the CNA Finance team will be keeping a close eye on AON. In particular, we want to know if these rumors are true. If so, the sale of the Benefits Outsourcing Unit could become a great return of value to investors. So, we'll keep a close eye on the news and bring the updates to you as soon as it breaks!
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[Image Courtesy of Public Domain Pictures]