What Sparked the Large Moves of These Five Stocks?

NeoGenomics, Inc. (NASDAQ:NEO), a leading provider of cancer-centric genetic testing services, jumped by 24.8% after agreeing to buy GE Healthcare’s Clarient and Clarient Diagnostic Services for $275 million. Clarient reported $13 million in EBITDA and $127 million in revenue for 2014. Investors are buying shares because management expects to realize $20-$30 million in synergies from the deal by the end of the third year. If the management can unlock the promised synergies, the deal will be a home run for the company. Shares are up 70% year-to-date.

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SolarWinds Inc (NYSE:SWI), a leading provider of IT management software, rallied by 16.5% after the company announced Silver Lake Partners and Thoma Bravo, LLC will acquire the company for $60.10 per share, or around $4.5 billion in cash.

Hedge funds were mixed on SolarWinds Inc (NYSE:SWI) in the time period from March 31 to June 30. Although the number of funds increased to 27 from 24, the total value of their holdings in the stock declined to $469.64 million (representing 13.30%% of the float) from $589.94 million. Stephen Mandel‘s Lone Pine Capital is long 2.52 million shares, according to its last 13F filing.

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