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Diamond Foods (DMND) Moves Higher Again on Einhorn Rumor

December 29, 2011 10:44 AM EST
Diamond Foods, Inc. (Nasdaq: DMND) is moving higher again today on word that Greenlight Capital David Einhorn might have taken a stake in the company, according to CNBC who was citing sources. Shares are now up 10.5 percent.

This rumor was first discussed yesterday, as noted by StreetInsider.com. While clearly driving the stock action, this rumor seems questionable with a low-likelihood of being accurate.


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Greenlight Capital, David Einhorn