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Forest Laboratories, Inc. (NYSE: FRX) shares surged 17.94 percent to close at $69.30 a share Wednesday. The stock traded between $66.02 and $69.45 on volume 11.89 million shares traded. The company announced that it has acquired Aptalis, a specialty Gastrointestinal and Cystic Fibrosis Company, for $2.9 billion in cash. Shares of Forest Laboratories have gained approximately 85.0 percent in the past year.
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J.C. Penney Company, Inc. (NYSE: JCP) shares declined 10.01 percent to close at $7.37 a share Wednesday. The stock traded between $7.36 and $7.69 on volume of 76.21 million shares traded. The company stated that it was "pleased with its performance for the holiday period," but did not report any sales figures. Shares of J.C. Penney have fallen approximately 60.0 percent in the past year.
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K12 Inc. (NYSE: LRN) shares increased 4.83 percent to close at $22.56 a share Wednesday. The stock traded between $21.95 and $23.45 on volume 801,330 shares traded. The company along with an investor group led by Safanad Limited announced its intention to form a new company. Shares of K12 have gained approximately 5.0 percent in the past year.
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Sodastream International Ltd. (NASDAQ: SODA) shares spiked 3.97 percent to close at $50.34 a share Wednesday. The stock traded between $49.80 and $51.71 on volume 2.30 million shares traded. KeyBanc Capital Markets has recently initiated coverage on the company with a “buy” rating and a price target of $70.00. Shares of Sodastream International have gained approximately 3.0 percent in the past year.
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