Why is this stock up big today?

PARL is up 70% today. Why is this stock up big today?

 

1. take 1 second of your life.

2. go to www.google.com

3. ask why parlux is up so much today

4. find a link and read an article.

5. answer.

 

Prove that what you propose is correct, by using PARL as an example and post the results here. Thanks. Pls. do it before market close.

 

From the fly on the Wall...MAJOR MOVERS: Among the notable gainers were Parlux Fragrances (PARL), after agreeing to acquired by Perfumania (PERF),

 

I had a surge of energy, so here it is


Parlux Fragrances Inc. (NASDAQARL) is up 74.35% today at $6.05. PARL stock is up today on news that Perfumania will buy Parlux for $170 million. PARL has traded 1.2 million shares so far today, well above its daily average of 27 thousand shares. The company has a market cap of 122.75 million.

 

WHY would you care? You don't even have a brokerage account.

 

that was nothing, amateur hour, as usual here.

prove you're not a 'tard and explain CMM today in detail

 

2 years on ET, 2.5K posts and you are unable to find an answer on your question without some assistance?

http://finance.yahoo.com/q/h?s=PARL+Headlines

btw-it's a friday news.

http://finance.yahoo.com/news/Perfumania-buy-Parlux-deal-apf-1175938587.html?x=0

 

Is your value of time negative or you did not understand the essence of my response?

 

1) The deal smells "bad". I never thought I'd be concerned about consolidation in the perfume business. :eek:
2) The risk-arbs made out like bandits with any inside info on the deal.