Why Is Accolade Stock Trading Over 100% On Tuesday?

Vandana Singh

January 08, 2025

Transcarent agreed to buy Accolade Inc (NASDAQ:ACCD) Wednesday for $621 million.

The purchase price works out to $7.03 per share in cash.

Accolade is a Personalized Healthcare company that offers employer, health plan, and consumer solutions combined with virtual primary care and mental health, medical opinion, and care navigation.

The transaction is expected to bring Transcarent’s generative AI-powered WayFinding and comprehensive care experiences — Cancer Care, Surgery Care, and Weight Health — along with its Pharmacy Benefit offering together with Accolade’s Personalized Healthcare Platform and expertise in advocacy, expert medical opinions (EMO), and primary care.

The merger consideration of $7.03 per share represents a premium of approximately 110% over Accolade’s closing stock price on January 7, 2025, the last trading day prior to public disclosure of the transaction.

General Catalyst and Glen Tullman‘s 62 Ventures provided equity financing for the transaction.

The deal is expected to close during the second calendar quarter of 2025.

The new unified platform aims to simplify healthcare and improve outcomes via:

Personalized experiences to boost usage and lower costs.
Combining Accolade’s expertise in advocacy, medical opinions, and primary care with Transcarent’s specialized programs (Cancer Care, Surgery Care, Weight Health).
Use of Transcarent’s AI tools to reduce paperwork for healthcare providers.
A platform integration with partners in areas like diabetes, mental health, fertility, and more.

Price Action: Accolade stock is up 104.7% at $6.86 at last check Wednesday.

Read Next:

MSC Industrial Beats Q1 Estimates, Eyes Long-Term Growth Amid Near-Term Challenges

Image: Shutterstock

Recommended

Breaking: Elon and Doge's Big AI Announcement - Ad

Wall Street Legend: Why Stocks Are Very Likely to Crash in Trump's 2nd Year - Ad

The $20 Trillion Secret of Room 3330 - Ad

WASHINGTON (AP) — President in recent days has dismissed and brushed aside the stock market sell-off, going so far as to say, “You can’t really watch the stock market." That's a new message from a leader who has frequently pointed to the market's ups and downs as a reflection of himself and his activities, even when he was not in power.

China learned from Trump's first trade war and changed its tactics when tariffs came again

WASHINGTON (AP) — The leaders of both Canada and Mexico got on the phone with President Donald Trump this past week to on their countries, but China’s president appears unlikely to make a similar call soon.

Elon's Masterplan

Elon's Masterplan - Ad

The media have no idea why he's really seized control of the federal government...But I've spent 25 years connecting the dots no one else can see -- and Musk's true motives will soon shock almost everyone: Named in this video: the #1 investment to make before May 30 -- when this story is all over the financial media.

Mark Cuban Warns Elon Musk Is Making Trump's Job '1,000 Times Harder'

Elon Musk, who is leading the charge at the Department of Government Efficiency, has received a warning from Mark Cuban.

One Tech Tip: Getting a lot of unwanted phone calls? Here are ways to stop them

LONDON (AP) — Unwanted phone calls are out of control. Whether it's a robocall trying to sell you something or spam calls from scammers trying to rip you off, it's enough to make you want to stop answering your phone. So what can you do to stop them?

New Study: 50 Stocks Will Crash While 7 MAGA Stocks Will Soar

New Study: 50 Stocks Will Crash While 7 MAGA Stocks Will Soar - Ad

If you own any of these stocks -- directly or through mutual funds -- I want to encourage you to sell them before April 30th. I've compiled all 50 companies in my "MAGA Blacklist" report. Your retirement could depend on seeing this list.

Canada to name a new leader while dealing with Trump trade war

TORONTO (AP) — looks set to pick a measured former central banker to deal with the threats tariffs pose against a pillar of Western free trade.

Elon Musk's xAI Acquires 1-Million-Square-Foot Property In Memphis For Supercomputer Expansion

Elon Musk's xAI has acquired a 1-million-square-foot property in Memphis to expand its Colossus supercomputer.

Mr. Nvidia: If There's 1 Stock That's the "Next Nvidia," This Is It

Mr. Nvidia: If There's 1 Stock That's the "Next Nvidia," This Is It - Ad

If there's any stock out there that's the 'next Nvidia,' this is it," says 40-year Wall Street veteran Louis Navellier. The exact same signals his system detected in Nvidia years ago are flashing again for this company. Once Wall Street catches on, he's predicting a stampede into the shares.

China's foreign minister blasts the US over tariffs at his annual meeting with journalists

TAIPEI, Taiwan (AP) — Along with against the United States, China’s Foreign Minister Wang Yi reasserted China’s South China Sea claims, blasted Japan for its past aggression and covered a wide range of other issues during his annual meeting with the press. Here are some of the key topics covered during his Friday press conference.

What's Going On With Gap Stock Friday?

Gap stock is trading higher on Friday after the company reported fourth-quarter earnings on Thursday after the market closed.

Are you owed an extra $2,105 a month in extra cash?

Are you owed an extra $2,105 a month in extra cash? - Ad

A little-known "loophole" has allowed a handful of regular Americans to legally collect over $109,200,000 in bonus cash. And today's your chance to join them. It doesn't matter how old you are or even how much money you make. And my research shows there's no way you can be denied from taking part in this opportunity.

From Alaska to Maine, communities that border Canada worry US tariffs come at a personal cost

DETROIT (AP) — At the U.S. Embassy in Ottawa, a quote from former President is engraved on one wall.

Sam Bankman-Fried Says Prison Inmate Diddy Has Been 'Kind' To Him: 'It's A Position No One Wants To Be In'

Jailed cryptocurrency fraudster Sam Bankman-Fried shared his prison experience and interaction with fellow inmate rapper Sean Combs, popularly known as "Diddy," according to an interview released Thursday.

AI Is Stealing From You (Claim up to $41,430 a Year as Payback)

AI Is Stealing From You (Claim up to $41,430 a Year as Payback) - Ad

OpenAI openly states that "your data is used to improve model performance." but it's about time you got paid for that. Luckily, I've found a government-backed income stream that could pay you up to $41,430 a year in "AI equity checks." Best of all, it takes only five minutes and as little as $10 to get started!

Apple's AI Crisis: Falling Behind In The AI Race?

Apple is grappling with an artificial intelligence (AI) crisis, as its rivals, including Amazon, surge ahead in the AI technology race.

Japan's Seven & i sells retail business to Bain Capital for $5.4 billion, plans IPO

Japan’s Seven & i, the parent company of the Japanese 7-Eleven convenience store chain, said Thursday it is selling its supermarket store assets to Bain Capital for about $5.4 billion.

6 Stocks Could Soar on DOGE AI News ...

6 Stocks Could Soar on DOGE AI News ... - Ad

Expect an announcement from Elon any day now ...Thousands of government jobs could be replaced ...By a new form of AI. This one move could save American taxpayers billions of dollars. And we believe six specific stocks could soar as a result.

China imposes retaliatory tariffs on Canadian farm and food products

BEIJING (AP) — China on Saturday announced retaliatory tariffs on some Canadian farm and food imports, after Canada imposed duties in October on Chinese-made electric vehicles and steel and aluminum products.

Trump Praises Treasury's Move To Suspend 'Outrageous' BOI Rule Aimed At Curbing Illegal Activities: 'Biden Rule Has Been An Absolute Disaster For Small Businesses'

President Donald Trump has expressed his approval of the Treasury Department's decision to suspend the Beneficial Ownership Information (BOI) reporting requirement, a move he believes will benefit small businesses across the nation.

The Gold Shift No One's Talking About - Yet

The Gold Shift No One's Talking About - Yet - Ad

Massive gold shipments are quietly moving from London to the U.S.--no headlines, no explanations. Could a full-scale audit or a new gold-backed system be coming? Smart money isn't waiting. My gold strategy is already doubling physical gold's returns this year.

Here's what tariffs are and how they work

WASHINGTON (AP) — Tariffs are in the news at the moment. Here's what they are and what you need to know about them:

Zelenskyy Says 'Not Sure' He Did Something Bad After Public Spat With Trump, JD Vance: 'We Have To Be Very Honest And Direct'

Ukrainian President Volodymyr Zelenskyy expressed optimism about mending ties between the two leaders, despite the incident.

Trump and Musk's Secret Plan to Redraw America's Borders

Trump and Musk's Secret Plan to Redraw America's Borders - Ad

The world's two most powerful men are reclaiming thousands of acres of abandoned land... and it could make millions for those who understand this new map of America.

Mark Carney Takes Justin Trudeau's Job As Canada's New PM, Ready to Face Trump's Tariff Threats: 'I Know How To Manage Crises'

Mark Carney, a former central banker with no prior political experience, is set to become Canada's prime minister, tasked with navigating trade tensions and Trump's tariffs.

Trump Threatens Russia With Sanctions Amid Ukraine Conflict As He Pushes For Peace

President Donald Trump is contemplating imposing extensive sanctions and tariffs on Russia. This move aims to pressure Russia into a peace agreement in the ongoing conflict with Ukraine.

"Boring Trade" Generates $185 Every Day. Like Clockwork.

"Boring Trade" Generates $185 Every Day. Like Clockwork. - Ad

Forget cryptos, pot stocks, and other "shiny object" investments. Instead, you could collect an average of $185 every day of the year with this "boring" trade strategy Forbes magazine says is "like finding money in the street."

North Carolina Republicans seek to force top Democrats to fall in line with Trump agenda

RALEIGH, N.C. (AP) — North Carolina Republicans who are resolved to promote President Donald Trump’s agenda now seek to compel the recently elected Democratic governor to aid the president's immigration crackdown and stop the new Democratic attorney general from fighting Trump in court.

Elon Musk's DOGE Team Has Door Slammed On It At Africa Aid Agency Amid Raging Turf War

DOGE team members were denied entry to the U.S. African Development Foundation amid tensions over Trump's executive order targeting independent agencies.

$3 Electric Aviation Stock With Tremendous Potential

$3 Electric Aviation Stock With Tremendous Potential - Ad

The electric aviation market is just taking off, and this company is at the forefront. With significant revenue and strategic partnerships, this stock is poised to make a big impact.

Peter Lynch's Evergreen Market Advice: 'If You Can't Find Growth Companies In Innings Three Through Five, Look At Turnarounds'

Peter Lynch shared his insights on the current state of the stock market and his strategies for selecting stocks.

Trump-Announced Strategic Bitcoin Reserve To Allow Buying Additional BTC? Peter Schiff Doesn't Think So But Here's What The Order Says

President Donald Trump's executive order establishing a Strategic Bitcoin (CRYPTO: BTC) Reserve did not have the expected bullish impact on Thursday, as the leading cryptocurrency dropped on the announcement.

13-Second Trump Video Could Trigger AI Shock

13-Second Trump Video Could Trigger AI Shock - Ad

Louis Navellier, the legendary investor who picked Nvidia before shares exploded as high as 3,423%... Just released a video with this 13-second Trump clip about the current AI boom. Please, do NOT buy any AI stock before watching that clip. What President Trump said in that clip could have implications for this AI boom.

Ontario slaps 25% increase on electricity exports to US in response to Trump's trade war

TORONTO (AP) — Ontario's premier, the leader of Canada’s most populous province, announced that effective Monday it is charging 25% more for electricity to 1.5 million Americans in response to U.S. President Donald Trump's trade war.

TSMC Rides AI Wave: Sales Surge 39% In First 2 Months Of 2025 On Higher Demand

Taiwan Semiconductor Mfg. Co. Ltd. reported a 39.2% jump in its two-month revenue for January and February in 2025 as compared to last year.

An Electric Aircraft Company With Potential to Break Out

An Electric Aircraft Company With Potential to Break Out - Ad

If you're watching the electric aviation sector, this is a stock to keep an eye on with a strong market position and cutting-edge technology.

Southwest Airlines breaks with another tradition and checked bags will cost you now

said Tuesday that it will begin charging customers a fee to check bags, abandoning a decades-long practice that executives had described last fall as key to differentiating from its rivals.

Elon Musk's SpaceX Successfully Catches Super Heavy Booster With 'Mechazilla,' But Starship Upper Stage Lost In Test Flight

SpaceX marked a significant advancement in rocket reusability on Mar. 7 when the launch tower successfully caught its Super Heavy booster during Starship's eighth test flight, though the mission ended with the loss of the Starship upper stage.

Strikes and Economic Unrest: Are You Prepared for What's Coming?

Strikes and Economic Unrest: Are You Prepared for What's Coming? - Ad

Louis Navellier has issued a chilling warning about the economic turmoil gripping America today. The rapid advancement of artificial intelligence and automation is reshaping industries and posing threats to jobs, pushing America's financial system to its limits. If you're not prepared, it could devastate your savings, investments, and even your retirement.

Is Beijing Worried About Losing Trade War With US? Xi Jinping Reportedly Fears 'China Could Become Isolated Like Moscow,' Say Close Aides

As the Trump administration escalates tariffs on China, the world's largest economies are on the verge of a superpower standoff reminiscent of the Cold War era.

Trending Now