Mercury Systems Rumored To Be Up For Auction; Shares Spike 15%

Shares of

have spiked 15 percent following a rumor that the company is up for auction in the $500 million range. Dana Mattioli of the Wall Street Journal broke the story at 2:03pm EDT via Twitter:

Interestingly, the stock was halted at 2:00:37 p.m. on a circuit breaker

of the tweet. Upon resumption, shares surged 8.7 percent and held its gains before continuing upwards to a high of $13.05. Shares are currently trading at $13.01.