Lumber Liquidators (Toano, Va.) saw its stock increase slightly after a Fox Business Network correspondent tweeted the company might sell to a private equity firm, according to Benzinga.
Fox correspondent Charles Gasparino tweeted “#BreakingNews as $LL shares tank co insiders pressing bullish case w investors; raising possible sale to PE firm 340pm EDT @FoxBusiness,” at 12:17 p.m., Dec. 21.
Lumber Liquidators stock turned upward after the tweet, going from $15.77 before noon to close the day at $16.22.
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