HSN Inc Shares In Play Following Takeover Comments

Shares of HSN Inc HSNI are up sharply Wednesday afternoon following takeover comments from Craig-Hallum.
Within the note, analysts outline that HSN is the most likely buyout candidate for Liberty Interactive, of which Liberty already owns 38 percent stake in HSN. Analysts find that a $75 to $95 bid is with reason for the company.
Amid the comments, shares of HSN rose to a high of $62.18 up 5 percent.
Shares then backed off the highs and found support at $60.5; currently shares of HSN Inc are trading at $61.