Long-Dead Tweeter Soars; Some Seek Twitter? - MoneyBeat - WSJ
Morons
Tweeter Home Entertainment is all caught up in the Twitter frenzy.
Tweeter filed for bankruptcy in November 2008, days before fellow electronics chain Circuit City, and both closed their stores soon thereafter. But TWTRQ shares are soaring on Friday for no other reason than its company name looks and sounds just like Twitter. Tweeter’s ticker symbol is also just one letter off the one Twitter chose: TWTR.
Tweeter surged 1800% to 13 cents on volume of 4.2 million shares; there’s nearly 26 million outstanding shares, according to FactSet.
Tweeter filed for bankruptcy in November 2008, days before fellow electronics chain Circuit City, and both closed their stores soon thereafter. But TWTRQ shares are soaring on Friday for no other reason than its company name looks and sounds just like Twitter. Tweeter’s ticker symbol is also just one letter off the one Twitter chose: TWTR.
Tweeter surged 1800% to 13 cents on volume of 4.2 million shares; there’s nearly 26 million outstanding shares, according to FactSet.
Morons
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