Shares of HomeAway, Inc. AWAY spiked mid-day on Monday amid a rumor that dealReporter indicated the company may be acquired by Expedia Inc. EXPE.
The price movement appears to have started amid tweets such as:
AWAY FT Dealreporter - Expedia may be looking to acquire Homeaway (AWAY), bankers
seen as strategic buy
— ZOZO (@zozotrader) December 1, 2014
As of Monday afternoon, Benzinga had reached out to both HomeAway and Expedia but had not yet received a response.
HomeAway, Inc. recently traded at $31.49, up 0.41 percent.
Expedia Inc. recently traded at $86.45, down 0.76 percent.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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