Strength Seen in ProAssurance (PRA): Can Its 48.1% Jump Turn into More Strength?

ProAssurance (PRA) shares soared 48.1% in the last trading session to close at $23.02. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 8.1% gain over the past four weeks.ProAssurance's rally can be attributed to the announcement of its acquisition by The Doctors Company at a significant premium. Following the announcement of the agreed-upon purchase price of $25.00 per share, PRA’s shares immediately sparked investor demand. Such ...