Why Hill-Rom Stock Jumped 13% This Week

·2-min read
Why Hill-Rom Stock Jumped 13% This Week

Shares of hospital bed maker Hill-Rom Holdings (NYSE: HRC) have strong momentum heading into the weekend -- and heading into earnings. On Wednesday, shares of Hill-Rom surged past $132 -- a gain of more than 7% -- on reports that the company had rejected an offer from Baxter International (NYSE: BAX) to buy the company for $144 a share. Baxter's (reported) offer to buy Hill-Rom for $144 was certainly part of the reason why the stock surged this week.

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