Diamonds and Dogs
Hospira Inc. (HSP)
Hospira Inc. is painting the tape green today, up 35.17% to $87.59. The pharmaceutical company saw its shares rally after news that Pfizer would buyout Hospira. Pfizer is buying Hospira for approximately $15.23 billion, saying it is a good fit with its established global pharmaceutical business. The buyout will also help Pfizer tap into the growing market for biosimilars, which are cheaper versions of biologic drugs that are used to treat conditions such as anemia. Shares of Hospira spiked $22.79 today to a new 52-week high of $87.77.
Clearwater Paper Corporation (CLW)
Clearwater Paper is getting ripped apart today, down 18.64% to $60.01. The private label tissue and paperboard product company saw its shares fall after missing on earnings. Clearwater management reported a fourth-quarter loss of $27.2 million, after reporting a profit in the same period a year earlier. On a per-share basis, the company said it had a loss of $1.39. Shares of Clearwater fell $13.75 today to a new 52-week low of $58.46.