HCA shares surge back from Sept. low

Shares in Hospital Corporation of America (HCA) have gained back the 6 percent they lost after news of possible insider trading at the company. On Monday, shares of HCA hit $48 buoyed by news that Senate Majority Leader Bill Frist (R-Tenn.) had produced evidence that appears to clear him of any wrongdoing. The SEC probe into the allegations is ongoing, but Wall Street does not appear particularly concerned. "It's this weird market reaction of, 'OK, fine, they can't be that dumb,'" commented analyst Sheryl Skolnick of Fulcrum Global Partners.

- see this article from the Tennessean

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