American Eagle Outfitters (NYSE:
AEO) shares are sharply higher today on no real news, and heavy volume.
Some are speculating that the teen retailer could potentially be in play for a takeover, either via private equity or a leveraged buyout offer.
At last check, shares of American Eagle were up $1.24 to $15.93, a gain of 8.44%. The volume is more than twice its average daily volume, trading 11 million shares today.
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