PharMerica Up 9.6% After Acquisition (PMC)

Shares of Pharmerica Corporation PMC are currently up 9.6% at $12.87 per share during Tuesday afternoon trading. PharMerica Corporation announced on Monday that it had acquired Garland, Texas-based Lone Star Pharmacy. Today's trading range for shares of PharMerica Corporation (PMC) has been between $11.66 and $13.03 per share. The consensus price target of analysts covering the company's stock is $13.94 per share. Volume of 1.3 million shares is nearly 5 times the daily average volume of 273,000 shares. PharMerica Corporation is a leading institutional pharmacy services company servicing healthcare facilities in the United States. PharMerica Corporation's customers are institutional healthcare providers, such as nursing centers, assisted living facilities, hospitals and other long-term care providers. Read more from Benzinga's Company news.