Why is this stock up big today?

Discussion in 'Stocks' started by tradingjournals, Dec 27, 2011.

  1. PARL is up 70% today. Why is this stock up big today?
  2. 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.
  3. 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.
  4. From the fly on the Wall...MAJOR MOVERS: Among the notable gainers were Parlux Fragrances (PARL), after agreeing to acquired by Perfumania (PERF),
  5. I had a surge of energy, so here it is

    Parlux Fragrances Inc. (NASDAQ:pARL) 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.
  6. Lucrum


    WHY would you care? You don't even have a brokerage account.
  7. that was nothing, amateur hour, as usual here.

    prove you're not a 'tard and explain CMM today in detail
  8. Bob111


  9. 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. :D
    #10     Dec 27, 2011