SGFY running up 40% today. United Health, Amazon bidding for the business!

Signify Health, Inc. (SGFY) is trading 40% higher at $29.68 today. The Health Care sector is having a generally meh day, this hasn't really affected the stock's share price, as it strongly outperforming other names in the space.

The share price is moving on news that the company is accepting offers for acquisiton. UnitedHealth submitted a bid in excess of $30 per share for Signify Health, according to Bloomberg. Amazon is also interested in the company and has tendered an offer close to UnitedHealth's value. A board meeting will be held on Monday to discuss the bids, and final bids are expected on September 6.

Signify Health, Inc. has been trading between a 52-week high of $29.84 and a 52-week low of $10.7. The stock has a market cap of $5.25 Billion.

Signify Health is a leading healthcare platform that leverages advanced analytics, technology, and nationwide healthcare provider networks to create and power value-based payment programs. Signify Health's mission is to transform how care is paid for and delivered so that people can enjoy more healthy, happy days at home. Its solutions supports value-based payment programs by aligning financial incentives around outcomes, providing tools to health plans and healthcare organizations designed to assess and manage risk and identify actionable opportunities for improved patient outcomes, coordination and cost-savings.

As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

jetatx - 3 upvotes - source
SGFY signify health. About to get bids by Amazon. Gonna pop tomorrow.