Why Gentiva Health Services (GTIV) Stock Is Climbing In Pre-Market Trading Today

NEW YORK (TheStreet) -- Gentiva Health Services (GTIV) shares are up 1.6% to $16.07 in pre-market trading on Monday after Kindred Healthcare  (KND) increased its offer for a 14.9% stake in the company to $16 per share from $14.50 per share.

Kindred, the Kentucky based long-term healthcare provider, initially made a bid for approximately $533 million in May for Gentiva, which the company turned down. Kindred has stated that it will not increase its bid for the company again unless Gentiva agrees to negotiate and show that the company is worth more.

Kindred shares are flat in pre-market trading today.

Must ReadWarren Buffett's 25 Favorite Stocks

GTIV ChartGTIV data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Trump Takes Aim at Auto Imports; Markets End Mixed -- ICYMI

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

REPLAY: Jim Cramer on the Markets, Oil, Starbucks, Tesla, Okta and Red Hat

Flashback Friday: The Market Movers

Flashback Friday: The Market Movers