Getting your player ready...
NEW YORK — A bankrupt electronics retailer appears to have gotten caught up in the investor fervor for Twitter. Shares of Tweeter Home Entertainment Group rose as high as 15 cents Friday before being halted.
That’s up 1,400 percent from Thursday’s closing price of 1 cent. And trading volume skyrocketed to 14.4 million shares from a daily average of 29,000.
What could have gotten investors so confused? Tweeter trades over-the-counter under the “TWTRQ” symbol.
On Thursday, Twitter offered investors details about its highly anticipated IPO and proposed the stock symbol “TWTR.” But Twitter’s stock won’t be available for trading until the company actually goes public.
