Morning Market Movers (THC, JTX, BEC, MGH)

Tenet Healthcare Corp THC shares advanced 50.12% to $6.44. Community Health Systems Inc CYH reported that Tenet Healthcare Corp THC rejected its takeover offer of $7.3 billion, or $6 per share, representing a 40% premium over THC's closing price on Thursday. Jackson Hewitt Tax Services Inc JTX climbed 33.64% to $1.47. JTX reported lower-than-expected Q2 loss. Beckman Coulter Inc BEC shares surged 30.25% to $74.36. According to the Wall Street Journal, BEC has put itself up for sale. Minco Gold Corporation MGH jumped 20.11% to $2.27 at 11:08 am. MGH's shares have jumped 127.71% over the past 52 weeks, while the S&P 500 index has gained 11.85% in the same period. Read more from Benzinga's Markets.
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Posted In: EarningsWall Street JournalM&AIntraday UpdateMarketsMoversConsumer DiscretionaryDiversified Metals & MiningHealth CareHealth Care EquipmentHealth Care FacilitiesMaterialsMorning Market MoversSpecialized Consumer Services
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