Walter Energy (WLT) Sees Upside On Likely Bogus Rumor
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Walter Energy (NYSE: WLT) is seeing early upside aciton Thursday on resurfaced takeover rumors.
The U.K's Daily Mail reported market rumors that Rio Tinto (NYSE: RTP) and BHP Billiton (NYSE: BHP) "could both be stalking" the company.
While boosting the shares 4% in pre-open trading, these rumors should be taken with a grain of salt. The Daily Mail is notorious for reporting bogus rumors that never materialize.
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The U.K's Daily Mail reported market rumors that Rio Tinto (NYSE: RTP) and BHP Billiton (NYSE: BHP) "could both be stalking" the company.
While boosting the shares 4% in pre-open trading, these rumors should be taken with a grain of salt. The Daily Mail is notorious for reporting bogus rumors that never materialize.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
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