Why is this stock up big today?

tradingjournals · Dec 27, 2011

PARL is up 70% today. Why is this stock up big today?

TraderBoy23 · Dec 27, 2011

Quote from tradingjournals:

PARL is up 70% today. Why is this stock up big today?

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.

tradingjournals · Dec 27, 2011

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.

Rabbitone · Dec 27, 2011

From the fly on the Wall...MAJOR MOVERS: Among the notable gainers were Parlux Fragrances (PARL), after agreeing to acquired by Perfumania (PERF),

abducens · Dec 27, 2011

I had a surge of energy, so here it is

Parlux Fragrances Inc. (NASDAQ

ARL) 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.

Lucrum · Dec 27, 2011

Quote from tradingjournals:

PARL is up 70% today. Why is this stock up big today?

WHY would you care? You don't even have a brokerage account.

stock777 · Dec 27, 2011

that was nothing, amateur hour, as usual here.

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

Bob111 · Dec 27, 2011

Quote from tradingjournals:

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.

2 years on ET, 2.5K posts and you are unable to find an answer on your question without some assistance?

http://finance.yahoo.com/q/h?s=PARL+Headlines

btw-it's a friday news.

http://finance.yahoo.com/news/Perfumania-buy-Parlux-deal-apf-1175938587.html?x=0

tradingjournals · Dec 27, 2011

Quote from Bob111:

2 years on ET, 2.5K posts and you are unable to find an answer on your question without some assistance?

http://finance.yahoo.com/q/h?s=PARL+Headlines

btw-it's a friday news.

http://finance.yahoo.com/news/Perfumania-buy-Parlux-deal-apf-1175938587.html?x=0

Is your value of time negative or you did not understand the essence of my response?

nazzdack · Dec 27, 2011

Quote from abducens:
----PARL is up 74.35% today at $6.05.
----PERF will buy PARL for $170 million.
----PERF is down ~30% today....

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.