Rambus Higher In Volatile Session Off Rumors Of Possible Sale

Rambus Inc RMBUS shares are trading higher by 67 cents (8 percent) at $12.00 in Friday's session. The stock was already trading slightly in the green rumors when surfaced just before 1:30 p.m. ET that the company was considering a possible sale.

In one minute, it spiked from the $11.60 area to $12.80 before profit-takers came into the stock. That high matches its April 28 high ($12.81) and is just shy of its April 27 high ($12.96).

Since reaching that elevated level, with no confirmation of an impending deal, the stock reversed course. The ensuing decline took it to $11.88, but has been consolidating at the $12.00 area over the past hour.