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Jarden Corp. (NYSE: JAH) shares spiked 10.43 percent to close at $47.43 a share Tuesday. The stock traded between $44.23 and $47.67 on volume of 5.15 million shares traded. The company announced that it has agreed to acquire Yankee Candle Investments LLC for approximately $1.75 billion in cash. Shares of Jarden have gained approximately 37.0 percent year-to-date.
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J.C. Penney Company, Inc. (NYSE: JCP) shares increased 1.92 percent to close at $12.72 share Tuesday. The stock traded between $12.52 and $12.83 on volume of 18.71 million shares traded. Kyle Bass’ Hayman Capital Management recently reported that it has taken a 5.2 percent stake in the company. Shares of J.C. Penney have fallen approximately 35.0 percent year-to-date.
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Key Energy Services, Inc. (NYSE: KEG) shares gained 6.0 percent to close at $7.07 a share Tuesday. The stock traded between $6.97 and $7.24 on volume of 3.84 million shares traded. Barclays’ analyst James C. West has upgraded the company’s rating to "overweight" from "equal weight". Shares of Key Energy Services have gained approximately 1.7 percent year-to-date.
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Monster Beverage Corp. (NASDAQ: MNST) shares declined 5.87 percent to close at $54.02 a share Tuesday. The stock traded between $53.94 and $58.19 on volume of 4.56 million shares traded. The company fell on speculation that hedge fund manager David Einhorn has taken a short position. Shares of Monster Beverage have gained approximately 2.2 percent year-to-date.
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