Stocks have turned positive in midday trading after being briefly negative earlier today. The Greek bailout and earnings are sending the major indices higher today. The Dow continues to trade close to the 13,000 mark. The last time the Dow was that high was in May of 2008, before the financial crisis sent the U.S. economy spiraling out of control.
Prestige Brand Holdings, Inc. (NYSE:PBH) is up 19.74% today at $16.17. PBH has traded 4.6 million shares so far today, way above its daily average of 260 thousand shares. PBH are rallying today after Genomma Lab announces non-binding proposal to acquire Prestige Brand Holdings for $16.00 a share in cash. The company has a market cap of 816.58 million. [Read more...]