Shares of LookSmart, Ltd. LOOK soared over 250 percent Tuesday, perhaps due to the uploading of a video to YouTube about it “partnering” with Oracle Corporation ORCL.
The video was titled, “LookSmart & Oracle - Partnering in the Oracle Cloud.”
The video does not disclose any business relationship between the two companies, other than LookSmart as a user of Oracle’s technology and services.
The video and its title may explain why LookSmart’s stock soared Tuesday, despite no news from the company.
The YouTube channel, labeled Oracle Partners, appeared to be channel for various companies to discuss using Oracle’s services.
LookSmart recently traded at $1.75, down 22.5 percent from Tuesday.
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