Why Envision Healthcare (EVHC) Stock Is Trading on High Volume Today

NEW YORK (TheStreet) -- Envision Healthcare  (EVHC) was one of the most active stocks in early-morning trading on Friday after the company priced its secondary offering of 27.5 million shares of its common stock by certain stockholders at $34 a share.

The offering contains an option for underwriters to purchase up to 4.125 million additional shares of common stock. The company will not receive any proceeds from the secondary offering.

The stock was flat at 9:48 a.m., but more than 4.1 million shared had changed hands by that point, compared to the average volume of 552,005.

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