Aetna Inc. was a big mover last session, as the company saw its shares rise nearly 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $151.44 to $163.21 in the past one-month time frame.

The stock gained after Dow Jones reported that CVS Health is in talks to buyout health insurer Aetna and offered to pay more than $200 per share for the deal.

The company has seen one positive estimate revision in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for Aetna. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Aetna currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.

Investors interested in the Medical - HMOs industry may also consider Centene Corporation (CNC Quick QuoteCNC - Free Report) , which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is AET going up? Or down? Predict to see what others think:Up or Down

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