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CA Inc. (CA) Surged To A New High After Bought By Broadcom

Broadcom Inc. (AVGO) announced after the close Wednesday that it has agreed to acquire CA Inc. (CA) for $18.9 billion in cash.

CA gapped open dramatically higher Thursday, but was range-bound throughout the session. The stock closed up by 6.94 at $44.15 on the highest volume of the year. CA soared to a new high for the year.

Broadcom gapped open sharply lower Thursday, but recovered some ground over the course of the trading day. The stock finished down by 33.46 at $209.98 on the highest volume of the year. Broadcom tumbled to a new low for the year.

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