Acadia Healthcare's (ACHC) shares were up more than 5% in Wednesday trading after Jefferies upgraded the company's stock to buy from hold and raised its price target to $30 from $24.50.
Trading volume stood at over 1.4 million shares against a daily average of roughly 3 million.
Price: $25.71, Change: $+1.29, Percent Change: +5.26%
ProAssurance (PRA) shares were up 1.9% in Wednesday afternoon trading, a day after the company said it continues to expect its merger with The Doctors Company to close by June 30, as the transaction awaits final regulatory approval in California.The timing of the California review remains uncertain and is outside its control, ProAssurance said in a late Tuesday filing.As of Tuesday, The Doctors Company had received final approval from insurance regulators in Alabama, the District of Columbia, Illinois, Missouri, Pennsylvania, Texas and Vermont, according to the filing.ProAssurance said it also secured approvals from Lloyd's of London and the Cayman Islands Monetary Authority for certain subsidiaries involved in the transaction.Price: $24.45, Change: $+0.47, Percent Change: +1.94%
Thermo Fisher Scientific (TMO) shares fall 1.6% in Wednesday trading after HSBC downgraded the stock to hold from buy and lowered its price target to $540 From $670.Trading volume stood at about 1 million shares against daily average of 2.3 million.Price: $474.42, Change: $-7.66, Percent Change: -1.59%
JinkoSolar (JKS) will enter the data center business, supplying power directly from its plants to meet the growing demand from the spread of artificial intelligence, Nikkei Asia reported Wednesday.In April, the local government and Jinko Power Technology planned to build a 24.5 billion yuan ($3.6 billion) data center in the desert city of Zhongwei, according to the report.Construction of the 1 gigawatt data center, spanning over 530,000 square meters, is set to begin this year, with completion forecasted by 2028, the report added.JinkoSolar did not immediately respond to a request for comment by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $22.59, Change: $-0.13, Percent Change: -0.59%