i do want to point out that this blog named jupiter media a major buy less than two weeks ago i believe at under $7 per share. pls let me know if anyone followed my advice. course you dont owe me anything. this is all free:) i’m happy to say that this is the biggest position in my ‘white knuckle fund’.
Jupitermedia Corp. jumped in premarket electronic trading Wednesday after a media report said the Darien, Conn. company was being targeted for a takeover.
Citing unnamed "sources with knowledge of the negotiations," the New York Post said the Getty Images Inc. was in talks to buy Jupitermedia, which sells digital images and other content to information technology and creative professionals and Web designers.
The sources said the price could exceed $11 per share, including Jupitermedia’s debt.
Jupitermedia shares gained $2.35, or 29.2 percent, to $10.37 in active premarket electronic trading. The stock ended Tuesday trading at $8.02 on the Nasdaq Stock Market, and has traded between $5.45 and $18.81 over the last 52 weeks.
Getty Images shares closed at $52.59 on the New York Stock Exchange Tuesday and were not trading in the premarket session.