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CoreLogic Pops On Faber M&A Report

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CoreLogic Pops On Faber M&A Report

CoreLogic, Inc. (NYSE: CLGX) shares spiked to a session high Wednesday morning after David Faber mentioned the company on CNBC.

The stock jumped up 5% and was then halted on circuit breaker following Faber's report the company is in a potential bid at $80+ per share.

Faber said the company has benefited from the housing market.

Costar Group, Inc. (NASDAQ: CSGP) could be a potential buyer for CoreLogic, according to Faber.

Following the halt, CoreLogic's stock was trading up 12.5% at $76.80 per share at the time of publication. The company has a 52-week high of 77.62 and a 52-week low $24.69.

 

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