Why Rosetta Stone Was Soaring 25% Higher Today
Shares of Rosetta Stone (NYSE: RST) were soaring 24% in late day trading Friday after Briefing.com reported the language learning company was conducting a strategic review.
Although there was no official word from Rosetta Stone itself, the speculation it might sell a part of its business, or the whole company, was enough to send the stock running higher. While strategic reviews can take many forms and don't necessarily mean a sale, the potential for realizing a premium to the stock by inviting bids often intrigues investors.
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Source Fool.com
