Strength Seen in Avangrid (AGR): Can Its 13.0% Jump Turn into More Strength?

Avangrid (AGR) shares ended the last trading session 13% higher at $36.24. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 5.5% gain over the past four weeks.The Spanish utility Iberdrola SA made a non-binding cash offer for$ 34.25 per share for Avangrid to acquire to buy all the shares it doesn’t already own in its subsidiary Avangrid. The offer implies a 10% premium over Avangrid’s average price for the past 30 ...