5 Trending Stocks on Tuesday

3. Change Healthcare Inc. (NASDAQ:CHNG)

Number of Hedge Fund Holders: 53

Change Healthcare Inc. (NASDAQ:CHNG) came into the spotlight this morning after a federal judge approved UnitedHealth Group’s plan to acquire Change Healthcare.

UnitedHealth initially decided to buy Change Healthcare Inc. (NASDAQ:CHNG) last year in January. The transaction was expected to close by the end of 2021. But it got delayed after Justice Department filed a suit to block the acquisition over competition concerns.

However, U.S. district judge Carl Nichols refused Justice Department’s request to block the deal yesterday. The ruling sent Change Healthcare Inc. (NASDAQ:CHNG) shares to a new 52-week high of $27.27 this morning.