Why Boingo Wireless Stock Soared Tuesday

Shares of wireless network specialist Boingo Wireless (NASDAQ: WIFI) jumped sharply on Tuesday, rising as much as 26%. As of 12:22 p.m. EST today, the stock was up 19.2%.

The stock's gain follows commentary from management in the company's fourth-quarter earnings release that stated Boingo has received "multiple inquiries regarding a potential strategic transaction." 

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Source Fool.com