SUPERVALU INC. (SVU), AstraZeneca plc (ADR) (AZN): Whoa! What Just Happened to My Stock?

In January, SUPERVALU INC. (NYSE:SVU) said it would sell Albertsons, Acme, Jewel-Osco, and a number of other names to AB Acquisition, a Cerberus subsidiary, in a deal worth $3.3 billion. SUPERVALU INC. (NYSE:SVU) would get $100 million in cash and have $3.2 billion in debt assumed and will also keep the Save-A-Lot banner that has 1,300 stores nationwide. Cerberus will also become a major shareholder owning more than 21% of SUPERVALU’s stock and will get two seats on its board of directors.

Shares of SUPERVALU INC. (NYSE:SVU) are up 90% in 2013 and have gained nearly twice that amount from the lows it hit last year.

Striking back
Uranium miner Denison Mines surged higher yesterday on no company-specific news, but a worker strike at a Chinese uranium mine in Niger that’s gone on for three days so far — threatens to go on indefinitely — was likely behind the rise in its stock.

The Niger mine opened in 2011 and is expected to produce 2,500 tons of uranium annually by 2015. The country is the top producer of uranium for France’s nuclear power industry and the fear is that a strike at one mine could spread to others, creating more problems for the industry.

While Denison’s shares spiked higher, Cameco Corporation (USA) (NYSE:CCJ) hardly moved at all on the news. Shares of both miners, however, are up so far in 2013, though Denison has been the better performer with its stock 20% higher compared to a 7% rise for Cameco.

The article Whoa! What Just Happened to My Stock? originally appeared on Fool.com and is written by Rich Duprey.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends Johnson & Johnson. The Motley Fool owns shares of Johnson & Johnson and Supervalu.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.