Why Benefitfocus (BNFT) Stock Is Up Today

NEW YORK (TheStreet) -- Benefitfocus Inc.  (BNFT) shares are up 9.8% to $37.03 in trading on Tuesday.

The jump follows the cloud based benefits software provider's announcement that its HR Intouch Marketplace software was selected by Amerigas Propane  (APU) to provide HR solutions for the company's 9,000 employees.

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"We believe Benefitfocus was the best choice to assist us in enhancing our employees' enrollment experience while simplifying multiple administrative tasks that accompany HR and benefits management," Vice President Troy Fee said.

BNFT Chart

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