Aspen Technology (AZPN) Surges 3.3%: Is This an Indication of Further Gains?

Aspen Technology (AZPN) shares soared 3.3% in the last trading session to close at $263.50. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 1.6% gain over the past four weeks.The increase in share price can be attributed to Emerson’s announcement of acquisition of remaining shares of Aspen. The deal, structured as an all-cash tender offer, values the minority stake being acquired at$ 7.2 billion, with a per-share price of $265.00 ...