HomeAway Spikes Following Acquisition Rumor

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.