Following the story this weekend that Demand Media, Inc. (DMD) turned down an offer of $1.2 Billion dollars a 100% premium to its closing price of Friday, it looks like Demand is going to open Way up this morning.
In pre-market trading shares of Demand are up almost 40% currently at $9.95 a gain of $2.70 from Friday’s close.
We will let you know later today how the stock fared.
this artificial bump – does nothing for the 144 stock – they cannot sell much.
what the SEC will look at is who sells any big blockls of common stock – and who buys big blocks as well.
at the end of the day it is just corporate socialism – and i do not play that game
My comment was that article was just a PR stunt, successful I might add today.
Demand closed at $8.33 a share today up $1.08
High today was $9.51
The race to the bottom – Demand or Zynga