Ron Burgundy Posted April 7, 2015 Share Posted April 7, 2015 Twitter Inc's shares jumped 5 percent and activity in its options surged on Tuesday on unsubstantiated market chatter about the company fending off a takeover bid. The microblogging service provider's shares rose to $53.28, the highest they have been since October, on market chatter that the company has hired advisers to rebuff a takeover bid. Twitter's options were unusually active on Tuesday with total volume more than 250,000 contracts, or twice the average daily volume, according to Trade Alert data. Calls betting on the shares rising above $53 by Friday were among the most active options on Twitter with volume of nearly 11,000 contracts. View the full article Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.