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Why Change Healthcare Is Rising Today

TheMotleyFool

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Why Change Healthcare Is Rising TodayPhoto, wide shot, wide-angle lens, Clinical research organization, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by David Maisel: https://img.theapi.app/temp/0e9d087d-988e-4397-b7cf-6049e2776769.png

Shares of Change Healthcare (NASDAQ: CHNG), a healthcare stock that provides data and analytical tools that are designed to improve healthcare systems, rose as much as 11% in early morning trading on Monday. As of 12:50 p.m. EST, shares were up 5%.

The pop is most likely linked to Change's announcement that healthcare supply giant McKesson (NYSE: MCK) is no longer one of its major shareholders. As previously announced, McKesson and Change Healthcare have decided to part ways. That split officially took place today, and McKesson no longer owns any voting or economic interest in the business.

Image source: Getty Images.

Source Fool.com

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