So far in 2010, there have been five months up and five months down, finally bringing the year into positive territory, but just barely by 0.8 percent. The one trend that seems to be establishing itself is the underperformance of most of the component companies when compared with the S&P 500, something that has only emerged for more than three months at a time since 2002.
Northeast Utilities’ Shares Move up on NSTAR Acquisition Announcement. While NSTAR’s shares rising almost 8 percent since the merger announcement is not surprising, Northeast Utilities’ (NU’s) move up runs counter to many acquiring company shares’ post-acquisition announcement. NU announced Oct. 18 an all-stock $4.2 billion acquisition of NSTAR.