Why Cryoport Stock Is Up 39% Since Yesterday and Chart Industries Stock is Down
Shares of Cryoport (NASDAQ: CYRX) are surging on Aug. 26, up 26.5% as of 11:54 a.m. EDT. Combined with yesterday's big gains, the cryobiological logistics company's shares have gained almost 40% in the past two days.
The big gains come after yesterday's announcement that Cryoport was acquiring the cryobiological products business from Chart Industries (NASDAQ: GTLS) for $320 million. While Cryoport stock is skyrocketing, Chart shares have fallen almost 5% on the news.
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Source Fool.com
