Strength Seen in Paragon 28, Inc. (FNA): Can Its 8.3% Jump Turn into More Strength?

Paragon 28, Inc. (FNA) shares ended the last trading session 8.3% higher at $12.99. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 16.2% gain over the past four weeks.Paragon 28 recorded a strong price rise on investors’ optimism surrounding an announcement by Zimmer Biomet to acquire all of the outstanding shares of Paragon 28. Zimmer Biomet agreed to buy Paragon 28 for an equity value of approximately $1.1 billi ...