ValueClick Inc. (VCLK) Stock Jumps on Buyout Rumor
Shares of online advertising company ValueClick Inc. jumped for a second day Tuesday on what an analyst attributed to speculation that the company could be purchased by AOL.
ValueClick shares rose $2, or 9.1 percent, to $24 in trading. On Monday, the company's shares rose $1.52, or 7.4 percent, to finish trading at $22. During the past year, the stock has traded between $17.12 and $36.70.
In a phone interview Tuesday, Merriman Curhan Ford & Co. analyst Richard Fetyko said he heard rumors that Time Warner Inc.'s AOL LLC business is considering buying the company to boost its online advertising properties.
ValueClick shares rose $2, or 9.1 percent, to $24 in trading. On Monday, the company's shares rose $1.52, or 7.4 percent, to finish trading at $22. During the past year, the stock has traded between $17.12 and $36.70.
In a phone interview Tuesday, Merriman Curhan Ford & Co. analyst Richard Fetyko said he heard rumors that Time Warner Inc.'s AOL LLC business is considering buying the company to boost its online advertising properties.
Labels: AOL, Valueclick Inc., VCLK
posted by Stock Administrator @ 4:10 PM
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