Why Are These Stocks on the Move Today?

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Shares of online health repository WebMD Health Corp. (NASDAQ:WBMD) are on a trek upwards today after the Financial Times published an article stating that the company is exploring a possible sale of part or all of its business. According to the article, Walgreens Boots Alliance Inc (NASDAQ:WBA) and UnitedHealth Group Inc (NYSE:UNH) are among the potential interested buyers. The smart money is optimistic on WebMD Health Corp. (NASDAQ:WBMD), as 26 elite funds own more than one-third of the float. Shares of WebMD are up 5% on the news.

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Last but not least, ASML Holding NV (ADR) (NASDAQ:ASML) is in the green today after gapping up by 2.8% in the morning. Although there is no specific news behind today’s rally, traders could be buying because of the round $80 per share level. Shares of ASML Holding NV (ADR) (NASDAQ:ASML) are also a bit cheaper than they were at the beginning of the year, with the stock down by over 8% year-to-date. Ken Fisher‘s Fisher Asset Management was one of the nine elite funds that collectively held 0.4% of ASML’s float at the end of September.

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Disclosure: None

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