GTRC is up over 10% today, closing at $52.47. I can't find any recent news that would explain it. Anyone know what's going on?(BTW, this board sure has been quiet lately. Where is everybody?)
Found this on Guitar Center News at:http://www.topix.net/com/gtrcGuitar Center (NASDAQ: GTRC) implied volatility flat as GTRC rallies on Speculation.GTRC, a retailer of guitars, amplifiers, percussions instruments, keyboards, and pro-audio and recording equipment, is recently up $3.75 to $51.26. Chatter is circulating GTRC has hired an investment bank to explore strategic alternatives. GTRC has a market cap of $1.4 billion with long-term debt of $1 million. GTRC June option implied volatility of 33 is near its 26-week average according to Track Data, suggesting non-directional risk.So that basically tells me... nothing really. Just up on no real news!ScottTheGeek sends...
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