Why Genius Brands Stock Skyrocketed Today

Shares of Genius Brands (NASDAQ: GNUS) were soaring today after the company said this morning that it would hold a conference call on Monday morning "to discuss an exciting business development." It was unclear what that was referring to, but the news sparked plenty of speculation on Twitter and a subsequent run-up in the stock.

After jumping as much as 71% in afternoon trading, the stock was up 46% as of 2:38 p.m. EDT.

The Superhero Kindergarten show. Image source: Genius Brands.

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Source Fool.com