WebMD Health Corp. (NASDAQ: WBMD) is off to a relatively strong morning in the market this morning, and for good reason. The company’s attempt to sell itself seems to be working out. Of course, this is leading to excitement among investors who are sending the stock upward. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. At the moment (9:44), WBMD is trading at $58.50 per share after a gain of $1.60 per share or 2.81% thus far today.
WBMD May Be Sold Soon!
As mentioned above, WebMD Health is having a relatively strong day in the market as news with regard to the company’s attempt to sell itself hits the wire. The news is that multiple suitors are currently bidding for their chance to take the company over. According to Dealreporter, the bids are coming in above $61 per share.
While these bids are coming in and there is definitely takeover interest, it’s important to keep in mind that nothing definitive has happened quite yet. There’s no telling whether or not WBMD will accept these bids or if a takeover will actually happen. So, if you plan on trading on this news, please do so with caution.
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What We’ll Be Watching For Ahead
Moving forward, the CNA Finance team will be keeping a close eye on WBMD. In particular, we’re interested in following the sale process to see if an acquisition does indeed happen. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!
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