Strength Seen in ChampionX (CHX): Can Its 10.4% Jump Turn into More Strength?

ChampionX (CHX) shares soared 10.4% in the last trading session to close at $39.08. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 12.4% gain over the past four weeks.Shares of CHX are quite likely to have appreciated after the announcement of its acquisition by SLB was released. Per the definitive agreement, ChampionX shareholders will receive 0.735 shares of SLB common stock for every ChampionX share. Furthermore, at the closi ...