Shutterfly Moves On Buyout Rumor

Shutterfly SFLY is moving higher Wednesday following word of a dealReporter rumor of a potential buyout from the likes of Yahoo, Microsoft and Apple.

Shutterfly was previously mentioned to have received helped from Qatalyst Partners to assist in a sale of the company.

Topeka Capital Analyst Victor Anthony also mentioned that Amazon is a logical buyer because the companies are in the same space.

Shutterfly recently traded at $47.44, up 2.24 percent.