{"id":522341,"date":"2010-04-09T14:03:41","date_gmt":"2010-04-09T18:03:41","guid":{"rendered":"http:\/\/www.mobilecrunch.com\/?p=29206"},"modified":"2010-04-09T14:03:41","modified_gmt":"2010-04-09T18:03:41","slug":"palm-stock-continues-to-climb-all-thanks-to-the-rumor-mill","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/522341","title":{"rendered":"Palm stock continues to climb, all thanks to the Rumor Mill"},"content":{"rendered":"

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Two days ago, something crazy happened: after spiraling downward for almost a year, Palm’s stock finally<\/em> started to climb thanks to a rumor that Lenovo was considering snatching the injured company up<\/a>. We expected things to level off pretty quickly — and they did, at a growth of right around 20% with a going price of about $4.60 per share.<\/p>\n

Today, even more fuel has been thrown on to the fire.<\/p>\n

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Early this morning, a Chinese economics\/investing site threw another name into the mix of possible suitors: HTC. Given HTC’s many recent successes, that was bound to get the investors excited – and it did. Jump forward to right this second, and Palm’s sitting at right around $5.20, or a 33% increase over what they were at before the climb began.<\/p>\n

They’re still nowhere near the $17.39 peak they were at earlier this year, but they’re inching closer and closer to the $6.14 mark they were at before they started warning people that their Q3 results weren’t going to be too hot<\/a>.<\/p>\n

What do you think: did the rumor mill light a long lasting fire beneath the butts of Palm investors, or is this just a temporary spike?<\/p>\n

Palm’s Stock Ticker on Google Finance<\/a><\/p>\n

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Two days ago, something crazy happened: after spiraling downward for almost a year, Palm’s stock finally started to climb thanks to a rumor that Lenovo was considering snatching the injured company up. We expected things to level off pretty quickly — and they did, at a growth of right around 20% with a going price […]<\/p>\n","protected":false},"author":682,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-522341","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/522341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/682"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=522341"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/522341\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=522341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=522341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=522341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}