Diamond Foods (DMND) Continue Surge on Hedge Fund Rumor
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Don't look now but Diamond Foods, Inc. (Nasdaq: DMND) is up big for the third straight session. Over this recent run the stock has ramped 18 percent.
The big move has been related to rumors that David Einhorn's Greenlight Capital hedge fund has taken a stake in the embattled snack-food maker.
In a statement to StreetInsider.com yesterday, Greenlight Capital declined to comment on the rumors.
Diamond Foods has been under heavy pressure over the past months after the deal to buy Pringles was delayed on accounting questions at the company.
Shares of DMND are up 7 percent to $33.64 in early action Friday.
The big move has been related to rumors that David Einhorn's Greenlight Capital hedge fund has taken a stake in the embattled snack-food maker.
In a statement to StreetInsider.com yesterday, Greenlight Capital declined to comment on the rumors.
Diamond Foods has been under heavy pressure over the past months after the deal to buy Pringles was delayed on accounting questions at the company.
Shares of DMND are up 7 percent to $33.64 in early action Friday.
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